No New Taxes

If Obama and the Democrats do NOTHING for the remainder of 2010, then taxes will increase for 100 % of Americans. Here is how it will happen. If there is no legislation to continue the Bush tax cuts, then the tax rate will go up for all income tax brackets: wealthy, middle class, lower class. Obama will claim these are not "new taxes" just the reinstituting of  "old taxes" which Bush should never have cut (the old "blame it on Bush" manta of Obama and the Democrats.) Also, corporate taxes, capital gains, dividends and inheritance taxes will incease. With ObamaCare, health insurance premiums will start to go up, but of course, Obama will blame the "greedy" insurance companies and not admit that his health plan forced premiums to go up (an indorect tax). Many other fees and indirect taxes will start to appear as passed along to the consumer as a result of ObamaCare. State income taxes will have to increase as ObamaCare forces states to increase the rolls of those on Medicaid. This is easy to blame on the states, so once again slick Obama thinks he can claim he did not increase your taxes. In the longer term, the huge budget deficits and increased national debt will devalue the dollar, causing inflation that will hit everyone; and once again Obama will blame Bush or someone else for inflation and claim he did not raise taxes although the standard of living for most Americans will decrease. Only the most ignorant and blind Obama puppets will fall for these excuses.