Ridge Edwards’ Post

“Luntz's predictions of a Harris-Walz ticket paying off big for Democrats in down-ballot races were similar to those of Senate Minority Leader Mitch McConnell (R-Kentucky), who urged Republicans to take the prospect of a crushing defeat in November more seriously. The Kentucky Republican told state lawmakers in his home city of Louisville that if Democrats take the White House, flip the House of Representatives and maintain their majority in the U.S. Senate, they could kill the filibuster and grant statehood to Washington, D.C. and Puerto Rico. "That's four new Democratic senators in perpetuity," McConnell said. "If they get those two new states and pack the Supreme Court, they'll get what they want." This will result in historic changes to the US Economy, businesses, employment and investment. It will result in hundred$ and hundreds of billion$ of dollars in new Fed Taxes. Lifting the caps on Social Securtiy taxes, increases min tax on wealthy individuals and corporations, wealth taxes etc. imdiviudals and business that have thrived in the Neo-Libreal economy starting with the Regan tax cuts begun more than 50 years ago will be out out of business. Good riddens.

Take a look at the Taxpayer Savings. This is insignificant with BIDENOMICS Policies, Inflation, High Interest Rates, High cost of Gasoline, High cost for Food, High cost for just about everything. A breakdown of the savings within the 52nd Senate District can be seen below: 50,136 individuals will save an average of $289 15,115 heads of households will save an average of $304 42,240 married couples will save an average of $536 107,491 taxpayers will have an average of $388

The immediate reaction in markets — particularly stock markets — has been decisively positive. Republicans have outlined a generally pro-growth set of policies, including extending the Tax Cuts and Jobs Act (TCJA), lowering corporate tax rates further, and imposing less regulation on industries such as financial services. If the Republicans gain control of the House as well, the likelihood increases that some or all of these policies could be implemented. 

🚨Breaking...🚨 Finally! 60 days before the election (not counting early voting) and 1 day before the debate VP Harris releases her policy plan. I will be open minded and fair when reading her policy positions. With that said actions are louder than words so I will compare her policy positions with what she has done, ever. If you would like to read her policy as well, here it is. (The title is already misleading & project 2025 is not associated to Trump) https://lnkd.in/gggCs6f2

https://lnkd.in/gDd8GgP5 Wondering how the election outcome may impact your wallet? Check out this article that addresses a variety of topics. Let me know if I can do anything to help!

What Should You Expect After the Election? https://lnkd.in/gW9EKbkP Today marks Election Day, when voters across the nation will cast their ballots for the new President of the United States, as well as several other federal and local government officials. While many states, including Texas, hosted early voting polling sites, millions of Americans will be casting their votes today. How will the nation’s economic policies look after the election is called? Let’s first take a look at Democratic-nominee Kamala Harris’ campaign promises. She has famously proposed higher taxes for the wealthy. This includes raising the corporate income tax rate—permanently lowered to 21% as part of the Tax Cuts and Jobs Act—to 28%. Additionally, individuals worth $100 million or more would be subject to a minimum 25% effective tax rate (the average rate paid across all income). For small businesses in their early stages, she proposes raising the startup costs deduction from $5,000 in the business’s first year to $50,000 over a flexible timeline. As for housing, Harris promises a $25,000 down payment support in addition to a $10,000 tax credit for first-time home buyers. She has also expressed support for raising the child tax credit. Now let’s cover Republican-nominee Donald Trump’s policies. One of his many bold promises is to eliminate income tax on tip wages for service workers. In fact, he has proposed doing away with income tax on many fronts, including Social Security and overtime pay. For American corporations, he seeks to lower the corporate income tax rate from the 21% he established with the TCJA to 15%. To pay for these policies, Trump wants to impose higher tariffs on imported goods, especially from China. Most countries would be hit with a 10-20% tariff while China would face a 60% tariff at minimum. Meanwhile, cars being imported from Mexico would have a 100% tariff imposed. While today is Election Day, it’s possible we won’t know the results of the presidential election for several more days, similar to the 2020 election. Until the election is certified, it’s best to prepare for either candidate to win. This means having sound business plans for the economic policies that could affect you and your business. #election2024

Keep an eye on US politics on Monday - ruling on Trump insurrection expected. (4/3/2023) Stay tuned for the US Supreme Court's ruling on whether Trump can run for President again. It looks like the US Supreme Court will issue its ruling on whether or not former US President Trump will be banned from running for President again. Colorado's Supreme Court said in December that Trump could not stand for election in the state because he had "engaged in insurrection or rebellion" (ie in relation to Trump inciting 2021's January 6 riot at the Capitol building in Washington DC). Such behaviour is not permitted under the US Constitution's 14th Amendment. Trump's lawyers argued against the ruling in Colorado to the US Supreme Court. US Supreme officials issued an update on Sunday to reveal that an unspecified Supreme Court ruling would be published on Monday. Given that the following day is 'Super Tuesday', when 15 states, including Colorado, will host primary elections for voters to pick their party candidates for November's presidential election, the announcement appears likely to be about Trump's insurrection. Political pundits expect the US Supreme Court to vote along party lines to reject Colorado's ruling and allow Trump to stand in the state. Suspect the decision will not impact financial markets, but a heads up to be prepared just in case. Trump's announced policies are for bigger deficits, a smaller labor force, & massive tariffs point to higher interest rates for longer,. So there is plenty of concern for markets, but not yet. November is a long way off. #affinmoneybrokers

With the election happening tomorrow, this article is a must read for all business owners!

Donald Trump increased his vote share across the US in his election triumph, claiming the battleground states of North Carolina, Georgia, Pennsylvania and Wisconsin and bolstering his support among almost all social groups. In the dashboard below, I show that Trump increased his vote share in every state apart from Utah and Washington. More still, he was particularly strong in areas he had won in the last election, turning red states redder, in particular Florida and Texas. Donald Trump qualifies as a titanic success in politics, not just because of his election victory. Someone does that every leap year. It is because he achieved the hardest thing in government, which is to bind one's successors. He moved the consensus on a big issue - trade - until the next president couldn't go back. Hence the tariffs and subsidies of Bidenomics and the spread of protectionism across the globe. Most leaders who change the "common sense of the age" need consecutive terms (Reagan) or a crisis (Thatcher) or both (FDR). Trump needed neither to turn an apostasy into an orthodoxy. And after last nights results, Trump has a mandate to over overhaul the US in many more unimaginably disruptive ways. There will be no going back from the seismic outcome of America's 2024 election.

In the days before Thanksgiving, President-elect Trump continued to fill out his economic policy team. The picks are mostly in line with expectations and include a mix of traditional Republicans who will push for low taxes and deregulation, a protectionist who will push Mr. Trump's tariff agenda, and a budget hawk who espouses typical Republican views on spending but could run into resistance on Capitol Hill. Click here to read more: https://lnkd.in/gx9BCYRK