Every position on the field is in play. Voters will determine whether Barack ObamaBarack Hussein ObamaBerlin's Madame Tussauds places wax Trump in a dumpster ahead of election New poll shows Biden leading Trump by 6 points in North Carolina Who is 'Anonymous' author Miles Taylor? MORE or Mitt Romney will be the next president. They will choose which party controls the Senate, enabling Harry ReidHarry Mason ReidMcConnell and Schumer's relationship shredded after court brawl The Hill's Morning Report - Sponsored by Facebook - Justice Barrett joins court; one week until Election Day GOP Senate confirms Trump Supreme Court pick to succeed Ginsburg MORE to remain Majority Leader or Mitch McConnellAddison (Mitch) Mitchell McConnellTop Senate GOP super PAC makes final .6M investment in Michigan Senate race On The Money: McConnell says Congress will take up stimulus package at start of 2021 | Lawmakers see better prospects for COVID deal after election Overnight Health Care: House Dem report blasts Trump coronavirus response | Regeneron halts trial of antibody drug in sickest hospitalized patients | McConnell says Congress will take up stimulus package at start of 2021 MORE to take the helm. And control over the people’s House will dictate whether John BoehnerJohn Andrew BoehnerDemocrats seek wave to bolster House majority Bottom line Pelosi and Trump go a full year without speaking MORE and his Republican Majority retains the Speaker’s gavel, or hand it back to Nancy Pelosi. 


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The stakes are immense. Which ever party wins, the president and Congress will have their work cut out for them right out of the gate, making the so-called “lame-duck” session look more like a “red-bull” session. The election will create political momentum for either conservatives or progressives, which will carry through the Spring and beyond.

During the fifty-five days between Election Day and New Year’s Day, a $625 billion tax increase already being referred to as “Taxmageddon” awaits.  President Obama wants you to think that only billionaires have something to worry about.  Guess again. In just one day, a $500 billion tax wave will slam households with an average $3,800 increase. The child tax credit will be cut in half, from $1,000 per child to $500, the marriage penalty will return, and the “death tax” will increase. Millions of middle income taxpayers will be hit for the first time by the Alternative Minimum Tax, capital gains will increase to 20 percent, and dividends will be taxed at ordinary income tax rates.  Further, the $124 billion cut to the payroll tax on the middle class will end, putting a cherry on top of this tax cake.

Contrary to the president’s claims, some estimates show that about 70 percent of the forthcoming tax hikes will hit middle and low-income families, not to mention small business men and women. Bottom line – if you have a job, the president’s plan is for you to pay more taxes next year. If you don’t have a job, this massive tax increase is going to make it even harder to find one. The economy cannot grow tax increases are suffocating job creators and investors.

But this is only a portion of the policy matrix that will have to be navigated. As part of the Budget Control Act passed last summer, more than $900 billion in cuts are scheduled through an automatic sequester that was intended to ‘scare’ lawmakers from both parties into forging an alternative agreement.  More than $100 billion of these cuts – including crippling cuts to the military – hit on January 2. Despite strong bipartisan agreement that the sequester should be replaced with more reasonable cuts to less important initiatives, the president has seemingly embraced it in the face of Congressional testimony by his own Secretary of Defense that it would “inflict severe damage on our national defense.”  How devastating?  It could result in the smallest ground force since 1940, smallest navel fleet since 1915, and the smallest fighter force in the history of the Air Force.

As if that weren’t enough to grapple with, it appears as though the debt ceiling will again be reached in December. Last summer that led to a contentious three-month debate that still hasn’t concluded.

What does it all mean? In the course of 155 days following the election, trillions of dollars worth of decisions will be made that will impact every man, woman and child in America. The leaders making those decisions will be critically important.

How important? Three days into the Obama presidency, House Republican Leaders – then in the Minority – visited the new President and proposed a tax cut for small businessmen and women to create jobs instead of the massive government stimulus being pushed by Nancy Pelosi. “Elections have consequences, and at the end of the day, I won,” was President Obama’s response. ObamaCare, the stimulus, and trillions in new debt later, we come upon another election.

Elections do have consequences. That is why America needs leaders who understand that no matter who you are or where you come from, if you work hard and abide by the rules, you have a fair shot to earn your own success. Men and women who understand that an equal playing field doesn’t mean equal outcomes guaranteed by the government. Men and women who care about winning the next election, but only so far as to achieve conservative policy results that ensure the next generation had the same opportunity that we were blessed with. Who those leaders are will be determined by the election. The actions that they take will be largely determined in the one-hundred and fifty-five days following it.
 

Dayspring is a senior advisor to the YG Action Fund, a Conservative Super Pac. He previoiusly served as a spokesman for the House Majority Leader Eric CantorEric Ivan CantorSpanberger's GOP challenger raises over .8 million in third quarter The Hill's Campaign Report: Florida hangs in the balance Eric Cantor teams up with former rival Dave Brat in supporting GOP candidate in former district MORE.