Archive

Posts Tagged ‘Affordable Care Act’

NFIB By The Numbers: Trump, Clinton and Small Business

October 20th, 2016 Comments off
nfib-credit-trumpvsclintonovalofficemanufacturedhousingindustrydailybusinessnewsmhpronwes

Credit: MHProNews.

As part of their “Election Center” feature, the National Federation of Independent Business (NFIB) has published Who Will You Choose? Presidential Issue Comparison, that analyzes each candidates position on issues that are important to small business.

The data is pulled directly from candidates’ plans.  NFIB notes that they don’t endorse candidates for the highest office in the land, but they do provide a head-to-head comparision, so their members can make an informed choice.

So, where do they stand? Let’s take a look.

Income Tax Rate

Trump: Proposes reducing the number of tax brackets to three: 12%, 25%, and 33%.

Clinton: Proposes a new tax surcharge on high-income taxpayers effectively raising the top rate to 43.6%. Proposes increasing capital gains taxes and implementing the “Buffett” rule to enact a new minimum tax rate on those with over $1 million adjusted gross income.

hillaryclintondonaldtrump-creditbbc-postedmanufacturedhousingindustrydailybusinessnews-mhpronews

Hillary vs Trump – credit BBC.

Business Tax Rate

Trump: Proposes a new 15% business rate that would apply to corporations and pass through businesses.

Clinton: Proposes no change in corporate tax rates.

Estate Tax

Trump: Proposes elimination of the Estate Tax, but capital gains held until death will be subject to tax, with the first $10 million tax-free as under current law to exempt small businesses and family farms. 

Clinton: Proposes restoring the federal estate tax to 2009 levels and create new brackets for estates over certain sizes: 45% for estates over $3.5 million, 50% for over $10 million, 55% for over $50 million, and 65% for over $500 million.

clintontrump_patchfirstdebate-manufacturedhousingindustrydailybusinessnewsmhpronews

 

Regulation

Trump: Proposes eliminating the EPA’s Waters of U.S. rule and Clean Power Plan rule.

Clinton: Supports the EPA’s Waters of the U.S. rule and Clean Power Plan rule and proposes additional measures to transition U.S. energy sources to renewables.

Health Care

Trump: Proposes repealing the Affordable Care Act and replacing it with Health Savings Accounts.

Clinton: Proposes expanding the Affordable Care Act by creating a new “public option” government-run insurance plan. She proposes increasing tax credits to assist with health insurance premiums. She also proposes allowing people over 55 buy into Medicare.

PresidentialNomineesTaxEconomicPlans_HillaryClintonDonaldTrump475x304

For Frank Griffin’s report on this issue, complete with videos, please click here. Credit: Wikipedia.

Energy

Trump: Proposes opening onshore and offshore leasing on federal lands.

Clinton: Proposes putting additional regulations on oil and natural gas development.

Paid Leave 

Trump: Proposes expanding unemployment insurance (UI) programs to pay for six weeks of maternity leave. Trump proposes paying for increased leave by eliminating fraud in the UI program.

Clinton: Proposes 12 weeks of paid family and medical leave. Clinton proposes paying for the increased leave with higher taxes on the “wealthy.

We Provide, You Decide.” ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

Stock Exchange Winners and Losers under a Clinton Presidency

August 16th, 2016 Comments off

stock_exchange_electronic_board__neurolog_dash_kielce postedDailyBusinessNewsMHProNewsMHProNews has learned from etfdailynews which exchange-traded funds (ETFs) would thrive under a Hillary Clinton presidency and which would starve, according to Barron‘s.

Winners would include hospitals and managed-care facilities because of her intention to expand the Affordable Care Act (ACA), which could prod iShares Dow Jones US Health Care ETF (NYSE:IHF) to perform well. This stock boasts several hospital stocks in its holdings.

Clinton’s Clean Energy Challenge includes tax incentives and grants for green energy initiatives, including solar and wind power companies. ETF to watch: PowerShares WilderHill Clean Energy ETF (NYSE:PBW), which holds a variety of alternative energy companies.

Defense stocks could light up the board nicely as defense firms are among her largest donors. Having dealt with several military operations as Secretary of State, she is no stranger to military intervention. Stock to watch: iShares Dow Jones US Aerospace & Defense ETF (NYSE:ITA), which has a portfolio of the largest defense contractor stocks.

ETFs to run from would include Drugmakers: Clinton has made it clear she intends to lower the price of pharmaceuticals, to the point of having singled-out particular firms. Avoid iShares NASDAQ Biotechnology Index ETF (NASDAQ:IBB).

Large banks, brokerage firms and financial services would not likely do well under Clinton because of her support for the Consumer Financial Protection Bureau (CFPB), her desire to tax high frequency trading, and she favors a “risk fee” for big banks. Her support of Dodd-Frank and the CFPB certainly earns her a “no” from the manufactured housing industry. Stock to avoid: SPDR KBW Bank ETF (NYSE:KBE), as it targets large banks.

Finally, fossil fuel firms wold likely fare badly with Clinton in the White House. She has stated her opposition to coal mining on federal lands and opposes offshore drilling for oil. ETF to stay clear of: Energy Select Sector SPDR ETF (NYSE:XLE). The company has large holdings in Exxon and Chevron. ##

(Photo credit: Neurolog-Kielce–Electronic ETF board)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

 

Rand Ghayad’s HuffPo OpEd questions Dodd-Frank factor in Lower U.S. Employment

August 26th, 2014 Comments off

rand-ghayad-phd-the-brattle-group=credit-posted-daily-business-news-mhpronews-com-Rand Ghayad, PhD, questions which is adding to the depressed U.S. labor market more, regulations or a lack of demand for goods and services? Writing in the Huffington Post, Dr. Ghayad cites Bureau of Labor Statistics (BLS) figures pointing to only 0.3 loss due to “government regulations/intervention,” vs. “25 percent were laid off because of a drop in business demand.”

A deeper dive by MHProNews into Ghayad’s statements reveals this quote:

The bottom line is an old story: regulation has raised costs and made business opportunities to sell goods and services insufficiently profitable. The new twist is that these fears are suppressing current investments and hiring, and are thus a major cause of our long-term unemployment problem.”

Ghayad also acknowledges that too big to fail, something Dodd-Frank was supposed to help ‘fix,’ has actually resulted in larger financial institutions, not smaller ones. “The U.S. largest banks have grown only bigger since the financial crisis — by as much as a third.”

Ghayad’s survey fails to ask about the impact of other regulatory burdens on business and the economy, such as the Affordable Care Act (ACA a.k.a. ObamaCare). “Blaming” lower employment on Dodd-Frank alone would be an overstatement. But as veteran manufactured housing professionals know, Dodd-Frank is suppressing some loans which where previously being made, which in turn reduces sales and thus the ability for would be financing sources to fill demand. To learn more, see the Industry in Focus report on HR 1779. ##

(Rand Ghayad, PhD photo credit: The Brattle Group)