Tuesday, October 28, 2008

Investors Fear Obama Taxes

Two stories on this to share.

1. Billionaire Dolphins Owner Wants to Sell Team Before Obama Takes Office and His Taxes Go Up from ABC News

H. Wayne Huizenga -- one of the richest men in America -- wants to speed up his sale of 45% or more of the Miami Dolphins to Stephen Ross because he anticipates Sen. Barack Obama, D-Ill., will win and his taxes will go up, the Sun-Sentinel reports.

"I'd rather give it to charity than to him," Huizenga said. "If you do it this year or you do it next year, the difference is humongous because of the taxes."

2.Investors Flee From "Change" Obama Hypes - from Investors Business Daily

By JACK KEMP AND PETER FERRARA | Posted Monday, October 27, 2008 4:30 PM PT

"Are Barack Obama's proposed tax increases adversely affecting our financial markets? We say yes, unambiguously. The senator has done a masterful job distracting attention from his tax increases with his $500-per-worker tax credit supposedly for 95% of Americans." (visit website for rest of story...)

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