Released on: October 18, 2008, 9:56 am

Press Release Author: Roni Lynn Deutch, A Professional Tax Corporation

Industry: Law

Press Release Summary: Tax attorney Roni Lynn Deutch - also known as The Tax Lady -
has spoken out on the financial crisis, both on national television and her personal
blog, to help inform taxpayers on how the Wall Street bailouts will affect their own
personal finances.

Press Release Body: North Highlands, CA - With taxpayers across the country scared
and confused about the financial meltdown, The Tax Lady Roni Deutch is aiming to
educate taxpayers on the crisis to help ease their fears.

"These bailouts are going to cost taxpayers billions of dollars," notes Roni Deutch.
"The government is going to have to raise taxes across the board. Just raising taxes
on the wealthy will not be enough to cover these expenses."

A few weeks ago, Ms. Deutch was again featured on Fox Business Channel's Money for
Breakfast. There, she discussed the impact of the financial bailouts on taxpayers.
During the segment the show's host, Alexis Glick, asked Ms. Deutch about how
specifically the government plans to pay for the bailouts.

"I truly believe you either reduce spending, borrow money, or you grow trees that
produce money," continued Ms. Deutch. "Currently, 15% of taxpayers cannot pay their
bills, so raising taxes on those people will be difficult. So we need to think about
reducing spending somewhere, and I think the best place to do so is in military and
defense spending. The solution to this financial crisis has to be balanced. Reduce
spending, and raise taxes just a little."

As an extended part of her efforts to help taxpayers understand the financial crisis
and the Wall Street bailouts, Ms. Deutch also took to her personal blog with an
entry on common myths about the financial bailout. Below are four of the top myths,
but feel free to click the link below to view the full list.

http://ronideutch.blogspot.com/2008/10/common-misconceptions-about-wall-street.html
[Common Misconceptions About the Wall Street Bailout]

Myth: The bailout will only help those on Wall Street, not people living on Main Street
Reality: Although Wall Street has lost the trust of taxpayers, our economy depends
on them. The bailout isn't made to directly "help" any one specific person, but to
help maintain the lifestyle of all Americans. It means keeping your bank accounts,
loans, small business, insurance, and job in place. It means keeping your life in
place.

Myth: The entire economic crisis is Bush's fault
Reality: While it would be easy to point the finger at a single person, the fact is
the economic crisis has been coming for longer than just eight years. Democrats and
Republicans alike pushed changes to regulations that governed financial
institutions. In addition, I would not solely blame improper loan companies or even
the corporations that need bailing out. This is a deep-rooted crisis caused by
dozens, if not hundreds of mistakes that have been made.

Myth: The bailout will provide immediate relief
Reality: While the country watches as more jobs are lost and the DOW continues to
fall, they are wondering why the bailout is not working yet. The truth is that the
U.S. Treasury Department needs to set up a system to distribute the funds, and it
could take as long as six weeks before they get to that point.

Myth: Why bail them out? The sooner they fall, the sooner we recover
Reality: While this could work, the downside is that if it does not, we will all be
in the hole. Unfortunately this country is not just relying on itself, and a pretty
big chunk of our debt lies with foreign investors who are not very impressed with
the situation. If those investors decide to pull their funds from American
investments, then the economy could get much worse.

Millions of people recognize tax attorney Roni Deutch as The Tax Lady. She has been
helping taxpayers nationwide resolve their tax liabilities for seventeen years. As
an industry leader, she has saved her clients tens of millions of dollars and has
helped thousands of families settle their back taxes.


Web Site: http://www.ronideutch.com

Contact Details: Contact:

Mathew Guiver
Roni Lynn Deutch, A Professional Tax Corporation
800-684-1474