Looks like the GOP candidate will be Mitt Romney. Now I do not care what your politics are and you certainly know how life has been over the last three years so I wanted to give you some insight with some help from US News, as to how your life may change with Mitt Romney as President. Pay special attention to item 8. It may effect your retirement.Then read the past blogs about what you need to do now to make sure you are not eating hot dogs and beans everyday!!! So here goes:
1. Individual income tax rates stay the same. Elimination of the estate taxes, and no capital gains tax for individuals who make under $200,000 per year.
2. Look for lower corporate tax rates.
3. Say good by to Obama Care. This will happen within 2 minutes if he becomes President!
4. Less regulations on Corporate America.
5. Look for reform on medical malpractice lawsuits.
6. Drill Baby Drill....Drilling will increase to wherever it is safe.
7. Finally someone stands up to China and their currency manipulation.
8. Social Security, look for a raise in the retirement age, and reduced benefits.
9. National Debt...Cut, Cap, Balance......What a novel idea!
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