"McCain has been trying to close this loophole since the mid 90s." - Duece
Of course he has. That was my point. McCain is either a dupe or a crook. He has had a hand in robbing honest citizens of Millions of Dollars in his Keating 5 S&L scandal, and the people who control him know that they can sucker him into "closing this loophole" so that they can embezzel even more money.
Right now, all options are already expensed, but they are expensed only when the corporation is actually out money. That's how expenses should work.
Changing the accounting over to McCain's crooked system (popularly known as "expensing options") would force companies to GUESS at their expenses in advance rather than use the actual numbers.
Heck, you might as well do away with accounting as make this change that McCain wants because this change will render accounting books useless for all honest investors and priceless for all fraudsters.
Fill an accounting book full of GUESSES rather than use the actual numbers?! Yeah, like I was born yesterday...