Got kids? You'll pay $500 more a year each one! Got a business? You'll pay $4,000 more each year!

Let's also be clear about what it means to roll back the president's 2001 and 2003 tax cuts, as the Democrats want to do. Every income-tax payer will pay more as all tax rates rise. Families will pay $500 more per child as they lose the child tax credit. Taxes on small businesses would go up by an average of about $4,000. Retirees will pay higher taxes on investment retirement income. And now we have the $1 trillion tax increase proposed as "tax reform" by the Democrats' chief tax writer last month.

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