Friday, July 29, 2011

On Dec. 31, 2012, three weeks before the end of President Barack Obama’s current term in office, the Bush tax cuts expire. Income tax rates will return to their Clinton-era levels...

That amounts to a $3.6 trillion tax increase over 10 years, three or four times the $800 billion to $1.2 trillion in revenue increases that Obama and Speaker John Boehner were kicking around. And all Democrats need to do to secure that deal is -- nothing.
Democrats Can Lose Debt Fight, Win on Bush Tax Cuts: Ezra Klein

So, of course, everyone (who is not a news junkie) will think that it's the Republicans--if we win the Senate and the presidency in 2012--who suddenly raised all their taxes!

Obama is vindictive, aside from being a socialist, and will gladly let this happen if he is voted out of office.

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