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Old 10-13-2008, 11:24 AM
TaxGuru TaxGuru is offline
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Join Date: Jan 2007
Location: New Jersey, USA
Posts: 1,124
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The market turmoil has nothing to do with Sen Obama or Sen McCain's Tax Policy. The market is simply too pre-occupied by the Credit Crunch and tightening of credit specifically the Inter-Bank Loans along with Credit Swap situations and Sub-Prime Mortgage meltdown.

Of course, once the dust has settled and there is a modicum of financial stability I am sure that the market will focus on the Candidates or Candidate Elect's (post November 4, 2008) tax policy.

Once the G7 along with the IMF provide some concerted action to restore financial normalcy to the market, there will be more debate on the Tax Policy and proposals for additional Tax Stimulus packages.

So, US taxpayers will again be faced with another TAX REBATE check prior to Christmas! Just in time for holiday spending season and something to provide a much needed impetus to consumer spending!
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