It's not a tax hike, it's a rollback!
Double-speak by Obama, who claims we can provide services by rolling back Bush's tax cuts. Well, that's a tax hike no matter how you paint it.
But it's ok, because it's 'rich' people's money, or so he'd have you believe.
In liberal minds, wealthy people are any family earning over the median income, which in 2006 was $43K. Do the math - in money hungry gov't eyes LOTS of Americans are wealthy!
Brilliant to pit the have-nots against the haves, especially when the haves don't know they're the haves!
Similar to capital gains tax, most people don't realize what they've accumulated because of their poor savings. They fail to take into account their home equity, 401K, insurance, etc. - and don't see they've already passed the $1 million mark.
Taxes - we charge you more when you work hard - so others don't have to!