Quote:
Originally Posted by Minte
If Obama wins and sets up a higher tax on business like he promises and much higher healthcare costs for their employees like he promises, there will be little incentive for small businesses to grow.
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Er.. He's trying to lower the corporate tax rate from 35% to 28% and has given many small business tax breaks. Liberals are screaming that he's just a Republican in Democrat's clothes.
I'm looking to invest in the US in the next 12 months (business and property), and honestly, I'm more worried about the money with Romney's plan. With Obama I see another 4 or so years of roughly the same trajectory, glacially slow improvements, nothing great, a marginally better result at the end, but some stability. With Romney I see middle class buying power eroding and reducing demand but lots of speculative opportunities on the market with the tax rates being lowered, especially on cap gains. It might be an ok initial ride but is likely to implode faster with more speculation and less demand in the "real" economy.
The Economist recently endorsed Obama too (somewhat reluctantly).
As a "job creator" I also recognise the jobs I've offshored and that personally, more tax cuts means more speculative trading, not more local jobs.