Wednesday, January 16, 2008

Mitt Romney: Tax And Foreign Relation Highlights

After placing second in both the Iowa caucus and New Hampshire primary, Republican presidential candidate needed a win of more substance than his victory in Wyoming, a contest in which no delegates were at stake. Romney's decisive win in Michigan's primary yesterday kept him positioned as one of the frontrunners for the Republican nomination. Let's take a look at some of Romney’s viewpoints and see how they might affect investors.

As with the other Republican candidates, Romney plans to make the Bush tax cuts permanent, which is generally seen as being good for investors. Romney also promises another tax cut, which could be favorable for many investors. Romney plans to eliminate all taxes on interest, dividends and capital gains for anyone with an adjusted gross income of less than $200,000. While many investors won’t qualify for this zero percent tax treatment, Romney plans to lower taxes across the board as well. So it seems that if Romney is elected president, investors could look forward to lower taxes--always a nice thing.

In addition to cutting taxes, Romney emphasizes the relationships between the U.S. and Latin America and sees the importance of trade agreements between the U.S. and countries such as Panama, Peru and Colombia. Romney would like to see these relationships strengthened and the prosperity among our allies in Latin America increased. At the same time, though, he thinks we should take a hard line with anti-American dictatorships such as Cuba, and increasingly, Venezuela and Bolivia. For investors it seems that a Romney nomination could potentially help investments within our Latin American ally countries, while further stalling investments in perceived anti-American countries.

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