Taxing Times: Experts Talk Election & Taxes

Tuesday, 4 Nov 2008 | 8:42 PM ET

As Sen. Barack Obama (D-IL) leads in electoral votes, according to NBC News, CNBC asked the experts their view on the candidate's tax plan.

Investor Outlook
Analysis of what's likely to happen for investors, with Bob Doll, Blackrock; Keith Boykin, The Daily Voice; CNBC's Larry Kudlow, John Harwood, Larry Kudlow, Bob Pisani & Maria Bartiromo.

Doll: Tax Rates To Rise

“We would argue that tax rates are going up for either candidate, which is important for markets, capital gains and dividends, but probably going up faster under Barack Obama than John McCain.”

Bob Doll, BlackRock vice chairman

The Election & the Economy
An election strategy session, with Greg Valliere, Stanford Financial Group chief political strategist

Taxing Sin

“SCHIP, the State Children’s Insurance Program… vetoed twice by President Bush; we’ll get it right away and it’s going to be paid for by a big hike in cigarette taxes. So for the tobacco stocks right out of the box in ’09, I think they have a big dark cloud over them.”

Greg Valliere, Stanford Financial Group

Election Direction
Insight on the election and the economy, with Chuck Gabriel, Capital Alpha Partners; James Pethokoukis, U.S. News and World Report and CNBC's John Harwood

Obama the Tax Cutter?

“I think for the most part he’s [Sen. Barack Obama, D-IL] talking about tax cuts, tax relief so he can stimulate the economy so he can kind of fast-forward that redistributionist urge that he has into the stimulus package… And then when we get into the tax reform debate, literally if it’s like 1985, 86 or 1995, it’s something that will spook the heck out of Wall Street and it will force every major constituency that has any kind of tax relief preference written into the code to come to Washington. So, I think he’ll push it back.”

Chuck Gabriel, Capital Alpha Partners

Will Obama Back Off on Tax Hikes?
Discussing whether Obama will be foreced to back off on tax hikes due to problems with the economy, wiht Jared Bernstein, of the Economic Policy Institute, and Jack Burkman, a Republican strategist

Obama the Tax Hiker?

"You have any idea how high taxes will have to go when you factor in the real cost of national health care, which he will do, the real cost of the bailout and the real cost of the war?"

Jack Burkman, J.M. Burkman & Associates attorney

The Tax Issue
Discussing the candidates' plans for taxes, with Jared Bernstein, Economic Policy Institute; Stephen Moore, Wall Street Journal; and CNBC's John Harwood, Larry Kudlow, Mark Haines & Erin Burnett.

Kudlow: Obama Scores On Tax Relief

"Everybody's talking tax cuts on the campaign trail. Obama's demand-side tax cuts. McCain is supply-side tax cuts; I think better for growth.. I think Obama is the tax cut winner in this election."

Larry Kudlow, CNBC host

More insight on taxes and the election:


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