There has been some talk about the Bush tax cuts being repealed or more accurately allowed to lapse next year. They are not cuts anymore, they are current law and have been for 10 years. If we are talking history or partisan politics you can call them tax cuts but lets face the facts. Everyone who paid taxes got a 5% cut. Now rich people do better with their cuts than regular people. But as Thomas Jefferson once said, "a rising tide raises all boats". I suppose the opposite is true, an ebbing tide lowers all boats.
So what we need to be concerned with is the accurate Obama tax increase coming in January. All it it takes to stop this increase is a vote in the Congress and Senate, they did seem to be inclined to pass it before the election, and then the President signs it before 1 January, 2011. It is just another promise broken...