25 October 2008

Will the Transaction Priviledge Tax go national under Mr. Obama?

Will current Arizona Governor Janet Napolitano be in the first Obama Cabinet as some in Arizona believe, if Mr. Obama is elected on November 4, 2008?

Will the Transaction Privilege Tax be the future for business climate under a Napolitano influenced Obama Presidency?

Like many states, State of Arizona spending exceeds revenues and the deficits may be on the rise, rather on the decline. In our own State of Iowa, Iowa faces more than a $500 million hole in the budget that Governor Chet Culver and the Democrat majority will have to overcome.

What is the future tax climate in the USA? There may be reasons why the United States Chamber of Commerce is concerned about the prospects of more power in the hands of the Democrats.

Business climate with transaction privilege taxes and an attack against small business appears to be on the rise. Further, in the State of Iowa you have Fair Share legislation, which will reduce Iowa's Right to Work laws. On a national level, the Employee Free Choice Act will expand efforts to grow unions in the USA.

An Obama Presidency doesn't appear to be pro-Small Business as Obama preaches. Of course, the expansion of government at all levels certainly isn't a formula for expansion of Small Business in the United States. We need Limited Government at all levels... smart government, not expansion of government.

What impact will the expansion of government under Obama and the Democrats have on the vitality of the private sector?

peace

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