Economy is strong, the U.S. is leading the world (even if it won't follow), and my life is not dictated by political trend lines.
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Money managers and analysts say the Democrats' takeover of the U.S. House of Representatives, and possibly the U.S. Senate, could auger higher taxes, a hike in the minimum wage and scrutiny of tax subsidies enjoyed by some sectors that benefited from Republican control of Congress.
Democrat control of the House will lead to new leadership of key congressional committees, said George Schwartz, president of Schwartz Investment Counsel, manager of the Ave Maria Funds.
"The Dems will be targeting energy, insurance, pharmaceutical and defense, and they're going to have a lot of power, especially if they've got their friends over in the Senate with a majority," Schwartz said.