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spence, you are continually wrong on this issue. there is a tax rate which is applied to taxable income. Obama's plan will raise the taxable income by reducing deduction amounts. PLUS the tax rate increase, which as you stated is letting the previous tax cuts expire.
PLUS city and states are raising taxes. PLUS comsumers will carry the burden of the energy taxes Obama is proposing. In an economy Obama keeps telling us is an extreme recession, we CONTINUE to pummle the people that earn money. Just ask yoursefes the most basic question - since when has government spending helped ANYTHING?????
The solution has been tax, tax, tax, spend, spend, spend.
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