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Tonight in this election, you, the American people reminded us while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back, and we know in our hearts that for the United States of American the best is yet to come.
-President Obama’s post election speech
President Obama said “the best is yet to come”, but how does another term impact the economy? The President wants tax increases on the wealthy and he has more leverage to do so now. Therefore, he will force through tax increases as part of any deal to avoid the fiscal cliff. Then, there is the national debt of $16 trillion is now projected to be $20 trillion under the presidents own plan. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to examine if more taxes will yield more debt under four more years of President Obama.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: economy, election, election speech, financial advisor, national debt, president obama, tax increase, the best is yet to come, wealth manager