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How The Upcoming Election Will Impact Your Finances

The upcoming presidential election is drawing a lot of attention, most of that attention is focused here at home but the entire world is waiting and watching to see who takes his or her seat in the Oval Office this fall. The candidates for both parties are taking extra special care to make their positions known, as well as making sure we all know what their opponents’ plans include. This type of politicking can lead to confusion for the voters, never knowing who to trust or what to believe. And with so many issues up for debate that will have an impact on your daily life, it is important to know where those in the hunt stand. For many Americans the most important issues include homeland security, immigration, and the economy. Of these topics it is a safe bet to say that the economy takes first place among what matters most to the voters. But what does all of this mean for you personally, and for your bottom line financially?

A business magazine has this information to offer about what you can expect for your finances, depending on who is elected:

  • Programs to handle the growing student loan debt in the country are being proposed. If you owe student loans you might want to consider taking a look at each candidate’s position on this issue.
  • Your income tax rate is subject to change depending on who is elected, and with this type of change can come a different dollar amount on your weekly paycheck. Some plans will increase what you currently pay to Uncle Sam while others offer some relief.
  • Small business owners will also feel a financial impact depending on who moves into 1600 Pennsylvania Avenue.

These important issues will be decided come November, and regardless of your political affiliation it is critical you exercise your right to vote. If you have strong feelings about certain issues you should do your research and vote in a way that makes sense for you. If you have questions about finances and need help with a budget or working out payments with creditors, we can help. Call us today to find out more.

For more information about how to handle overwhelming debt, contact us at  www.DsouzaLegalGroup.com. We will help by coming up with solutions that work for you.

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