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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • February 28, 2008 03:10 PM UTC by Cheryl Casone

    A News Corp. Triple Threat

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    I spoke Tuesday night at the Yale Club here in New York City. (Yes, as in the school Yale, I should have gone there, beautiful alumni building.) I was on a panel sponsored by Wilmington Trust with two people I really respect but had never met: Edwin Finn, editor and president of Barron’s (my Sunday read) and Alan Murray, executive editor of the Wall Street Journal. The topic was investing in an election year. It may have been the first time that three News Corporation’s business news properties were together. World domination!

    I won’t go into too much detail of the panel, but the basic premise was, if it comes down to Sen. John McCain and Sen. Barack Obama or Sen. Clinton, what would the impact be on our market, our economy, foreign investments and taxes? The latter, taxes sounds interesting right? Say YES right now, because that is what I chose to focus on. If you look closely at Barack Obama’s campaign speeches, you will see that he intends to pay for some of his programs by raising taxes on the wealthy (which is really the middle class in cities like New York if you look at the numbers) and go after the “polluters,” which translates to oil companies, something most of us invest in through mutual or index funds, and corporate taxes, again something that most of you have in your portfolio.

    Alan Murray, went first and I’m smiling but I’m really thinking…..

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    I have to follow THAT! Alan is a great speaker and very funny. Then I’m up and I’m thinking…. yale-club-005.jpg

    I hope these people find tax code as interesting as I do. I just feel it is going to be issue number one as we go forward because taxes are PERSONAL. And with federal deficits heading sky high, the next President, whoever he or she is, has got a tough road ahead, and we, as taxpayers and investors, might be paying for that road.

    CC

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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