Morgan Stanley Analyse Election Obama

The document analyzes the likely policies of President-elect Obama on various issues based on his proposals during the campaign. It discusses that Obama will face challenges in dealing with the large federal budget deficit and decisions around expiring tax cuts. Key tax proposals from Obama include raising rates on high-income individuals, capital gains, and dividends while making tax cuts for middle and lower incomes permanent. He is also likely to increase business taxes through eliminating certain deductions and raising payroll taxes.