In his recent article “How The Presidential Race Could Shape the Economy’s Future,” entrepreneur and hedge fund manager Brad Reifler states that when it comes to the ongoing presidential race, many Americans are concerned with how their finances will be affected by each candidate’s plan. Though it is not possible to perfectly predict the impact of their plans, Reifler has made assumptions as to how each candidate’s ideas would effect the economy.
Most of Hillary Clinton’s ideas will affect taxpayers making more than $1 million. Clinton also wants to change the way capital gains are taxed. Clinton would like to remove certain aspects of the estate tax, but not eliminate it completely.
He also plans to increase the limit on deductions. Trump hopes to restructure the tax system so most taxpayers would not have to itemize on their tax returns. Mr. Trump’s plan also includes a total repeal of the estate tax. He would also increase capital gains taxes, but protect small businesses from these increases with subsidies.
Both candidates plan to reduce the financial impact of child care costs.
Wikipedia writes that founder and chief executive of Forefront Capital, Brad Reifler is an entrepreneur and investment adviser. Founded in 2009, Forefront Group is a banking and wealth management firm that helps both individuals and organizations meet their long-term financial goals. In addition to Forefront Capital, Brad Reifler founded Pali Capital and Reifler Trading Company. He is a director at Sino Mercury company, and former director of Genesis Securities, European Investment Bank, and Foresight Research Solutions. See Brad’s own thoughts straight from the source on his Twitter page.