Scrub Out the Tax Preferences, Broaden the Base, Lower the Rates and Watch this Economy Take Off

Scrub Out the Tax Preferences, Broaden the Base, Lower the Rates and Watch this Economy Take Off

Before the election ballots were fully counted last week, equity markets were sending President Obama a blunt vote of no confidence.

Forget all the political pundits who were heralding his narrow popular vote victory as a mandate for his soak-the-rich tax agenda. The sour message from the investment community that fuels our economy spoke volumes about a fundamentally status quo election.

The capital markets, stricken by uncertainty and sitting on nearly $2 trillion in cash, fear the weak, sub-par, jobless Obama economy isn't going to be significantly different in a second term than it was in his first.

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