Re-Election Rundown!


by Stephanie Berenbaum – November 7th, 2012

The President, the Props & Your Future

Whether you voted Democrat or Republican, I bet we’re all relieved that the incessant robo-calls of Election 2012 are finally over!  And chances are you’re probably wondering how to digest President Obama’s re-election and all the new changes that were voted in last night. What does it all mean for your future and your wallet?

Here’s our Fab & Fru breakdown of the some of the key issues that you need to know about.  We know you’re busy, but ask yourself this question: if you are at a dinner party and someone asks you about one of the following topics, how prepared are you to chat about the following Election 2012 issues?!

Tax Talk

We are all likely to see some fast changes to the tax code come 2013 –  if Congress and the President don’t reach a deal to extend any of the expiring tax cuts enacted by the Bush administration.  From payroll tax changes, to inheritance tax, to of course the raise in income tax for the top 1%, taxes will likely be a hot debate in Congress as the end of the year approaches and the new Congresspeople take their seats.  While the Democrats gained a couple of seats in the Senate this election, the Republicans still control the House – which is ultimately who controls our nation’s purse strings…

The Supreme Court

This election has huge ramifications for civil rights in our country, on several fronts. Look at the Supreme Court – 3 of the 9 justices will hit or pass their 80th birthdays during Obama’s second term.  Which means is it highly likely that  that Obama will now be in control of appointing several new justices during the next four years – and remember, these are lifetime appointments.  If you care about things like Roe V. Wade and reproductive rights (for example) this is hugely important!

Gay Rights

Here at Fab & Fru, we believe that gay rights are civil rights.  And this election cycle had some historic wins for the LGBT community!  Ballot initiatives approving same-sex marriage were approved by both Maine and Maryland – and the votes are still being tallied for a similar initiative in Washington state.  In addition, Minnesota – which currently bans gay marriage – DID strike down a Prop that would have defined marriage as being only between a man and a woman…

Women

An historic number of women won U.S. Senate seats last night! There are now 19 female Senators at last count – a new record.  Speaking of women in the senate, there was another historic first  - Tammy Baldwin of Wisconsin became the first openly gay Senator to ever be elected!

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