Washington Watch - Election Edition

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Washington Watch - Election Edition

Status-Quo Election

President Obama sailed to re-election last night; winning all but two of the states he carried in 2008 and without a determination in Florida.  Little will change when the 113th congress is sworn in on January 9, 2013, the U.S. Senate will be controlled by the Democrats and the U.S. House of Representatives by the Republicans. The critical issues facing the country and America’s self-employed remain, tax reform being the utmost importance to ensuring continued economic recovery.  

Electoral College

While many predicted a potential split in the electoral college v. popular vote, President Obama secured the electoral college handily and moved ahead of Governor Romney in the popular vote (Note: Florida has yet to be “called” and that will impact dramatically the popular vote totals).   The President did experience a decrease in overall votes, but the early read from the data shows that those voters mostly stayed home instead of swinging to Governor Romney.

In a wild turn events, the swing states of Ohio, Virginia, and Florida, had little impact on the election, instead the proclaimed “Obama firewall” held and only two states, North Carolina and Indiana, flipped to Governor Romney.

U.S. Senate

The Republican opportunity of picking up the U.S. Senate was deeply undermined by a vicious primary in Indiana and the selection of some less than stellar candidates, specifically Missouri.  Last night was also bad for those trying to make a political comeback, both Tommy Thompson, a popular four-term Governor of Wisconsin, and Bob Kerrey, a popular former Senator of Nebraska, lost “come-back” bids for the U.S. Senate; both beaten by women candidates, Senator-elect Deb Fischer in Nebraska and the first-openly gay Senator-elect, Tammy Baldwin in Wisconsin.   

U.S. House of Representatives

The tea-party wave of 2010 was not re-created in 2012, in fact, roughly 10 first-term incumbents were defeated for re-election, all Republican.  However, Speaker Boehner holds a roughly 40+ advantage and will likely retain the Speaker’s gavel.  Of greatest interest will be the shifting of Committee chairmanships and committee assignments. 

Women Win Big!

As mentioned above, the Senate will see two new female Senators and for the first time, there will be 20 women representing their states in the U.S. Senate, previously the highest number was 18.  Additionally, New Hampshire becomes the first state to have a full delegation of elected women: Governor, two Senators, and two Representatives.  

The 2012 election will be analyzed for many months; however, the real work begins today.  The NASE will aggressively champion the self-employed and work to address the continued tax inequities and ensure a level, competitive business environment that encourages entrepreneurship and innovation.  We look forward to the year ahead in being your voice.

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