For Barack Obama, the road to the White House was punctuated with lots of talk about shaking up the federal tax law. You know, things like socking it to the bloated oil companies. But a funny thing has happened as inauguration day approaches and all eyes are on the new president's first 100 days: namely, seismic changes to the playing field.

Attorney Robert Van Amburgh of Dallas' Hiersche, Hayward, Drakeley & Urbach says history shows that a canddiate's plans can undergo significant changes both before and after being presented to Congress.  "Making predictions about tax law changes is even more difficult based on our volatile economic climate," he says. "For example, during the campaign Mr. Obama expressed support for a windfall profits tax on oil companies. But with the steady decline in oil prices since the summer, there may not be the pressure for this type of tax."

And by the way, any changes made will not apply until the 2009 tax year. For more information, contact Barry Pound at 800-559-4534 or barry@androvett.com.