Thursday, January 10, 2008

Hillary Clinton: Fighting For The Middle Class

One of Democratic presidential candidate Hillary Clinton’s major campaigning issues is the need to strengthen the middle class. Most Democrats want this, but Clinton, who staged a comeback from her third-place finish in the Iowa caucus last week by winning the New Hampshire primary Tuesday, has focused heavily on this point. She plans to do the following in order to strengthen the middle class, according to her campaign website:

· Lowering taxes for middle class families.
· Providing quality, affordable health care to every American.
· Making college accessible and affordable.
· Confronting the growing problems in the housing market.
· Bolstering retirement security by promoting savings and investment.
· Returning to fiscal responsibility and moving towards balanced budgets.
· Harnessing innovation to create the high-wage jobs of the 21st century.
· Creating a $50 billion Strategic Energy Fund to jumpstart research and development of alternative energies.
· Strengthening unions and ensuring our trade laws work for all Americans.

While campaigning for a stronger middle class will surely garner votes come election time, the real question is how these policy changes will likely affect investors.

As with most Democrats, Clinton will likely let the Bush tax cuts expire, causing an instant tax hike for most investors. In addition, she wants to impose more taxes on businesses, which will also negatively affect many investors. The bottom line for investors with any of the Democratic candidates is essentially that if a Democrat is elected, investors can expect to see increased taxes.

The Bush tax cuts were advantageous for investors, who happen to be some of the wealthier people in the country. Since most Democrats emphasize equality and better distribution of wealth in their platforms, most investors would likely be better off voting Republican, based solely on economic factors.

However, money isn’t everything to everyone, so financial motivations may not be the only factor voters look at. Warren Buffet has criticized the Bush tax cuts as being too favorable to the wealthy, and he is one of the people who benefited from them most.


Anonymous said...

Women deserve to make the same salaries as men, the same opportunities as men!
Mrs. Ladybird Johnson Former First Lady, United States of America. Women can move beyond the struggle for equal status and for material goods to the challenges and opportunities of citizenship. I always hope that the very best of our people will go into politics and some of our best are women. So, I say: "Don't hold back. Don't be shy. Step forward in every way you can to plan boldly, to speak clearly, to offer the leadership which the world needs. To pluck out prejudice from our lives, to remove fear and hate where it exists, and to create a world unafraid to work out its destiny in peace. Eleanor Roosevelt has already made her own splendid and incomparable contribution to that foundation. Let us go and do likewise, within the measure of our faith and the limits of our ability. Let Eleanor Roosevelt teach us all to turn the arts of compassion into the victories of democracy. Eleanor Roosevelt taught us that sometimes silence is the greatest sin. VOTE CLINTON 2008
"Madame President of the United’s an extraordinary thought. We truly are in a momentous time, where a woman’s potential has no limitations. "Hillary Clinton has already proven to a generation of women that there are no limits for success. She is driven by her passion for public service and her belief in the enormous potential of our country. Smart, capable and strong in her convictions, Hillary has transcended the dictates of what is thought to be possible for our time.
"Hillary is a powerful voice for change as we find our country at an important crossroads. Under her leadership, our country will regain its respect within the global community. She will prioritize issues of global climate change, universal health care and rebuilding a strong economy. After 8 long years, the public will once again have faith in their government.
"Another former first lady, Eleanor Roosevelt once wrote, ‘In government, in business, and in the professions there may be a day when women will be looked upon as persons. We are, however, far from that day as yet.’ More than 50 years later 'that day' is now upon us…and Hillary Clinton is ready to shatter through that glass ceiling for all women."

Anonymous said...

Hillary is NOT middle class--she gat a FREE RIDE to Wellesly.