The Impact Of The Presidential Race On The Economy

 

Brad Reifler, an entrepreneur and a hedge fund expert gave an overview of how the presidential race would affect the economy. Both Trump and Clinton have expansive plans for the country. Their agendas will affect the life of many people. Both candidates have claimed that they will simplify the tax code and make it more available to an average American. However, Clinton is targeting those that are making at least $1 million. She contends that capital gains would be calculated depending on how long the investor has held the capital gains. Trump seeks to condense the existing tax brackets and limit more deductions on single and married people.

Trump, as Reifler says through his website, plans to do away with itemization of tax returns. Clinton seeks to make small changes in tax codes, especially for small businesses. Trump claims to completely do away with estate tax, increase the capital gains and offer subsidies for small businesses. Clinton’s plan is to lower the required minimum amount for estate taxes. Lastly, both candidates agree to break childcare taxes and provide greater subsidies to families for childcare costs. Some sectors of the economy may not feel the effects of the economy after elections. However, the economy may be affected weeks after the new president takes power. This information was originally reported on Huffington Post as provided in the following link http://www.huffingtonpost.com/entry/how-the-presidential-race-could-shape-the-economys_us_57fcfecde4b0b665ad818b13

Brad Reifler is the chief executive officer of Forefront Capital Management, an employee-owned company that oversees customized portfolios and hedge funds for their clients. The company invests in the public equity markets across the world. Forefront Capital Management uses qualitative, technical, quantitative and fundamental analysis to establish its investing portfolios. The company serves high net worth individuals, institutional investors, corporations as well as pensions & profit sharing plans. As the CEO, Brad ensures that institutional investors can access professional consultancy and unique investment advice. This information was originally published on Bloomberg as explained by this link.

Brad was the Chairman and CEO of Pali Capital, a company that he founded and run for 13 years. In 1982, the serial entrepreneur established Reifler Trading Corporation with the purpose of facilitating the execution of global derivatives. After making more than $200 million profits with over 200 employees, Brad sold the company to Refco. Before selling the company, the leadership had expanded the company’s services to the United Kingdom and Australia. This information was originally mentioned on Crunch Base.

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