President Obama’s budget plan appears to be more like a tax plan. The reason being is that successful people would pay more on their income, they would get less lower deductions, their pension savings are capped, and more. A long list of extra taxes in the long list of the so called budget plan. Even with this budget the White House has admitted that at best they expect 3% growth, but is that realistic to assume? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Co. to examine the reality behind the White House expectation of growth given the list of taxes within this budget plan.
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: budget plan, economy, ed butowsky, financial advisor, fox business, money, pension, president obama, savings, tax plan, taxes, wealth manager, white house