The recent presidential election was a debate about where people felt the government should intervene with business when it comes to regulation, taxes, and health care. Unfortunately, voters were distracted by negative advertising and false attacks of success that the debate wasn't as productive as it should have been. President Obama has been reelected and, like it or not, his agenda of higher taxes and increased regulation is here to stay. This agenda is one that invites serious and passionate debate as the stakes for our future are enormously high. President Obama proposes that the government should end tax cuts for the wealthy and some small businesses as well as tax loopholes for corporations. His complete overhaul of the health care system has already been enacted and will not be repealed. This means penalties for businesses or dramatically increased costs for health care. Families are now forced to purchase health care or they will face a tax increase of up to $2,300. Republicans have a much different approach and many of them have signed pledges to not raise taxes at all, this will make negotiations with the President nearly impossible if we want to avoid the fiscal cliff that could bring the US into another recession. Both parties need to work together and compromise of their positions.
I would like to answer the following questions on the topic of taxes and regulation:
1. How do President Obama's and Speaker Boehner's tax plan differ and how can they find common ground?
2: How will the affordable care act effect working families and small businesses? Will it create jobs and protect the poor or will destroy jobs and businesses face higher costs?
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