How destructive to the U.S. economy would a Barack Obama presidency be?
An exclusive Newsmax analysis warns: There could be a very rough time ahead.
Beneath Obama's flowery rhetoric lies a dangerous economic plan that will wreak havoc on the American economy.
Obama plans to return to the failed policies of high taxation coupled with an expansion of government spending.
Worse, Obama says he is absolutely committed to almost doubling the capital gains rate — something he will easily accomplish with a Democrat Congress.
In the coming months — when investors realize that Obama will raise the cap gains rate — there could be a stampede of asset sales as investors rush to take their profits now to avoid Obama's doubling of the tax rates next year.
All of these issues and more are explored in Newsmax magazine's special report "Obamanomics — the Coming Tax-and-Spend Nightmare," by Wall Street Journal columnist John Fund.
This Newsmax magazine special report gives Americans the first in-depth look at the Democratic presidential candidate's likely strategies — and how they will affect not just the larger economy, but your personal wealth as well.
Indeed, Obama makes no bones about his plans to go on a tax rampage. Not only would he increase the capital-gains tax rate from 15 percent to as much as 28 percent, he wants to allow the 2001 and 2003 Bush tax cuts to expire in 2010, which effectively raises taxes on Americans by tens of billions of dollars.
He also wants to do away with the $102,000 FICA payroll tax cap, which means anyone making over $102,000 would pay an additional 7 percent in taxes on earned income.
And the loan dividend tax rate George Bush implemented? Under President Obama it will be DOA!
If you are concerned about your wealth and family's financial well-being — and that the American economy remains strong — you must read this special report and share it with friends and family.
The new edition of Newsmax magazine is also hitting newsstands across the country, including many Barnes & Noble, Hastings, Follett, B.Dalton, Books-A-Million, Joseph Beth and other major bookstores, as well as Publix, Meijer, Kroger's, Wegman's, and Harris Teeter supermarkets, Hudson News and Host airport newsstands, and Sam's Club stores.
This wide-ranging Newsmax report explores:
How Obama's policies could cost more than $850 billion over four years
The dire repercussions of Obama's minimum wage proposal for small businesses and retail outlets
Obama aides' private and very revealing admission about the candidate's economic savvy
The surprising revelation when Barack's own tax returns were reviewed by an expert
The "proof" that Obama will kowtow to organized labor
Obama's Social Security plan: a giant income-redistribution scheme
How Obama's policies could boost some tax rates to 60 percent
Leading economist Arthur Laffer's warning on Obamanomics
Obama's policies point by point on energy, healthcare, regulation, and the housing crisis
Who would lose under Obama's tax proposals — and who would win
How Barack "flunked" an easy question on capital gains
The Democrat's contradictory statements on tax increases
Why Obama's campaign against special interests would backfire
Obama's plan to double America's foreign aid
How Obama's trade policies would damage U.S. multinationals
Obama's embarrassing denial regarding NAFTA
The National Taxpayers Union's Obama rating: just 5 percent
Obama's misguided views on technology's future
How the Democrat would undermine private sector healthcare
Obama's tactics — old left-wing populist ploys
And much more
This edition of Newsmax magazine is not to be missed.
In addition to hard-hitting investigative reports and special commentary from Dick Morris, John Stossel, Bill O'Reilly, Christopher Ruddy, David Limbaugh, Dr. Laura Schlessinger, Ed Koch, James Hirsen and others, you get much more in Newsmax magazine, including:
The Dangers of the Democrats with a filibuster-proof Senate
New evidence the U.S. is preparing to strike Iran
The inside details of Oliver Stone's hatchet job on George Bush
The facts about Obama's charitable donations
A new court decision threatens home schooling
Why an Eskimo village is suing over global warming
The growing reliance on food stamps by millions
Health alert: new fluorescent bulbs pose risk
Mike Myers film ticks off Hindus
Your bank spies on you: your civil liberties imperiled
Inside the Pentagon's secret hunt for bin Laden
Schwarzenegger's Folly: California headed for crisis
Censored: The border wall is working!
Ben Stein honors our brave soldiers
Behind-the-scenes: CBS' Katie Couric blunder?
U.S. companies are hoarding cash, find out why
Fixing America's credit card debt
In death, Charlton Heston vilified by media
Maria Shriver pockets NBC's money
Doctors fear being targeted over pain prescriptions
Hot books for summer reading
Travel: revisiting the Cold War
PLUS: Ronald Kessler's Washington
Again, there is so much more in Newsmax magazine, which won a Silver Eddie Award in the News/Commentary category of Folio magazine's prestigious journalism awards, the Eddies.
Find out why more than half a million people read Newsmax magazine each month.