Preparing for Mid-Terms

by Chris | October 11th, 2010

Traditionally, mid-term elections tend to attract fewer voters than presidential elections. It’s not clear whether 2010 will be different, but if voter enthusiasm is any guide, this year’s mid-terms could break with the past. A Gallup poll found that a majority of voters in every age group expressed at least some enthusiasm about voting in November (see chart).1

One reason for the enthusiasm could be because there are several key financial issues at stake this year. In some cases, your personal finances could be affected by the election outcome.

Tax Policy

A number of tax laws are set to expire after December 31. As a result, many tax rates are slated to revert to higher levels, especially for investors and high-income earners.

Although Congress could decide to extend the lower rates for some or all taxpayers, the federal government is facing trillions of dollars in mandated spending and a national debt that is growing at an unprecedented rate. Many experts believe the only way Congress will be able to meet these obligations is by raising taxes. Although the election outcome will almost certainly have an effect on near-term tax policy, it’s probably a good idea to expect tax rates to be higher in the future and to look for legal ways to help reduce your tax burden.

Stimulus Spending

Although the $787 billion Recovery Act continues to pump money into the economy, there is little agreement over the effect it has had on economic activity and the high unemployment rate. The White House maintains that the stimulus package is on track to save or create 3.5 million jobs by the end of 2010, but 62% of Americans and 73% of private-sector economists believe the spending has not helped create jobs.2–3 Some officials have warned that when the stimulus spending ends in 2011, there could be layoffs of state and local government workers because some of the money was used to avoid layoffs in 2009 and 2010.4 The debate over the effectiveness of using borrowed money to stimulate the economy could play a pivotal role in the election.

Health-Care Reform

The sweeping changes called for by the health-care legislation passed in March 2010 aren’t set to be fully implemented until 2014. Between now and then, look for health-care reform and its effects on the economy to be an ongoing political issue.

Regardless of your enthusiasm for participating in the upcoming elections, it’s important to consider how the 2010 mid-terms could affect your finances.

1) Gallup, 2010
2) Pew Research Center, April 28, 2010
3) CNNMoney, April 26, 2010
4) The Wall Street Journal, February 17, 2010

The information in this article is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Emerald. © 2010 Emerald.

HBW Insurance & Financial Services, Inc.  
24240 Lyons Ave. Santa Clarita, CA 91321  
Phone: 661-877-8910 Fax: 818-848-4002  
www.HBWstability.com chris.lim@hbwsecurities.com  

 

Securities offered through HBW Securities LLC, Member FINRA/SIPC. 3355 Cochran St., Suite 100, Simi Valley, CA 93063, (800) 473-3856. HBW Insurance & Financial Services, Inc. is a separate entity from HBW Securities LLC. HBW Securities LLC does not give tax or legal advice. Chris Lim is a registered representative. Chris Lim is registered to sell securities in the following states (CA License #0G69788).

Although this agency is a part of the HBW Insurance & Financial Services, Inc. marketing system, it is a separate and independent agency.

274 Responses to “Preparing for Mid-Terms”

  1. another quality post! I love to see the content here staying being upper class!

  2. Made my day, good info, I will come back.

  3. A terrific blog post. I’ve definately picked up some useable information here. Thank you so much!

  4. Hot topic, folks are starting to care more about preparing for what they would do if their car stops driving. Tune in to Lifetime Channels The Balancing Act in Dec., they are going to have a spokesman from a big automobile extended warranty company on to explain what a vehicle service contract is and when they make the most sense.

  5. There is certainly clearly the bundle towards identify in regards to this. I actually feel you’ve made certain nice elements within elements furthermore.

  6. When I saw this page was like wow. Thanks for putting your effort in publishing this blog.

  7. I just signed up to your blog rss feed. Will you post more on this theme?

  8. thanks very good

  9. Have a great day!. Thank you for posting on this aspect, keep it up.

  10. Have a good day!. Could you please put up more information on this subject??? Also your blog is awesome. Sincerely.

  11. thanks very good

  12. wow great! thanks

  13. Heyy – I should say, I sure am happy with your website. I had no trouble navigating via all of the tabs and the information was really easy to gain access to. I discovered what I wanted in no time at all. Pretty awesome. Thank s alot!

  14. Great blog, thanks. I really like it!

  15. Hello, I found this blog from google and read a few of your other blog posts. They are fantastic. Please keep on with this great work… Cheers, Steve.

  16. Wonderful posting, well written I must say.

  17. Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…

  18. I love your site design, did you do this all by yourself or hire a freelancer to design it?

  19. wow great! thanks

  20. We just got a 2004 Honda.

  21. I’ll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)

  22. You will find perceptibly an important bunch for you to identify regarding this. That i believe you have made various pleasant ideas inside benefits likewise.

  23. The new Zune browser is surprisingly good, but not as good as the iPod’s. It works well, but isn’t as fast as Safari, and has a clunkier interface. If you occasionally plan on using the web browser that’s not an issue, but if you’re planning to browse the web alot from your PMP then the iPod’s larger screen and better browser may be important.

  24. Well this type of post is actually worth searching for, great info for visitors and without doubt shows quality writing. Its great to have these types of posts around to maintain the information flow. Helping individuals who sincerely enjoy this, great work! Thanks again for taking the time to put this online. I definitely loved every part of it.

  25. I really loved this post. You write about this topic very well. I really like your blog and I will definetly bookmark it! Keep up the super posts!

  26. trailblazer trailer hitch

  27. 08 toyota highlander trailer hitch

  28. I’m wondering now if we can talk about your sites statistics – search volume, etc, I’m trying to build a site having to do with this topic, and after coming across this I definitely need a hand.

  29. I enjoy your site – I would like to talk with you about buying ad space here granted you do that. Hit me up at the email I provided and we can talk pricing, thanks mate.

  30. Wonderful posting, well written I must say.

  31. I wouldn’t think I have ever noticed a blog site with this many comments on there!

  32. Thanks for posting

  33. Hey, I’d like to buy advertising space on your site. If you contact me, we’ll work something out… You can email me or contact me through my site (I left it as my name). Let me know as soon as possible please.

  34. thanks, nice one but when is the next post coming around? When I check the dates it it like you do not post too often!??!

  35. Hello I think eduaction is a rather long learning proccess and we thank you for being our inspiration.

  36. Alright and what’s the bottom line here?

  37. …well okay so that’s the perspective here

  38. Well written and interesting. Congrats!

  39. Hi, thanks for this useful information..

  40. Zune and iPod: Most people compare the Zune to the Touch, but after seeing how slim and surprisingly small and light it is, I consider it to be a rather unique hybrid that combines qualities of both the Touch and the Nano. It’s very colorful and lovely OLED screen is slightly smaller than the touch screen, but the player itself feels quite a bit smaller and lighter. It weighs about 2/3 as much, and is noticeably smaller in width and height, while being just a hair thicker.

  41. Hi we love your @rticle very much bookmarked it thank you

  42. hitch step trailer

  43. You certainly deserve a round of applause for your post and more specifically, your blog in general. Very high quality material

  44. Came to your blog through Bing. I will be signing up to your feed.

  45. Zune and iPod: Most people compare the Zune to the Touch, but after seeing how slim and surprisingly small and light it is, I consider it to be a rather unique hybrid that combines qualities of both the Touch and the Nano. It’s very colorful and lovely OLED screen is slightly smaller than the touch screen, but the player itself feels quite a bit smaller and lighter. It weighs about 2/3 as much, and is noticeably smaller in width and height, while being just a hair thicker.

  46. Good post, thanks for sharing! When to expect a follow-up?

  47. Me too, ty for posting this..

  48. As opposed to well-known perception, certainly not each and every vintage bath integrated a clawfoot tub which has a bathroom tile style of plain white-colored subway tile. Your toilet tiles can set the tone for that full room. Your kitchen tiles can place the appearance for the total space

Follow Us On Twitter

It's About Freedom!

Dedicated to God who has endowed us with the Rights to Life, Liberty, and the Pursuit of Happiness.

"A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever."
John Adams, letter to Abigail Adams, July 17, 1775

Categories

Archives

Blogroll