Statutory Substitution
Open full sizeDebits & Credits, October 12, 2026. Laughs are nonrefundable.
Transcript. Panel 1, Debit faces a client holding a thick stack of customs entry summaries. Client: “Debit, the broker says the rate changed again. Which one do I actually pay?” Panel 2, Debit points with his red pencil at a whiteboard: IEEPA — struck, Section 122 — expired, Section 301 — in force. Debit: “Depends which statute is still breathing.” Panel 3, Debit alone with his “It depends.” mug. “Same duty. Different citation. Pay the one the courts haven’t erased yet.”
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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · carlos@lapresallc.com · (917) 558-6393.