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

BK22 Wrote: Nov 14, 2012 7:43 AM
Tax EVERYONE or ax NO ONE.
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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