You know the famous statement: "Democrats like to tax everything. When something is born, they tax it. When a business grows, they regulate it. When something dies, they subsidize it." Well, the very first thing President-elect Obama wants to do is start working on jump starting the economy, and his plan is to provide tax relief for the middle class. I guess that tax relief will be in the form of economic stimulus checks, which will have to paid back to the government. So, it appears that taxes will no doubt increase.
The Dallas Morning News reports that Obama also has his eyes, not just on the economy, but on health care and education reform, as well as withdrawing troops from Iraq. All things that will cost the United States more debt over time. The enacting of these reforms are only going to cause the economy to spiral further in decline.
Hopefully, Obama will reach across the aisle and seek common sense proposals that will help put America back on the right track. Taxing people in a troubled economy will only result in more people who will be poverty stricken or deciding whether they will have to choose between rent or food.