sf > wrote:

>On Sat, 31 Jul 2010 23:39:39 -0700 (PDT), "

>>You really think that will stay at $250,000? I don't.

>I hope it doesn't. The tax cuts are due to expire and I hope they are
>not renewed. Watching Fareed Zakaria this morning and he showed what
>a huge part the Bush & Obama era tax cuts are of the national debt.

Obama's promise was "no new taxes except if you're over $250K".
He didn't say anything about newly-expiring tax cuts.

But, there's going to be little political appetite for higher
taxes below that level until the public sector reforms its spending.
Not with elections coming up (and there are always elections
coming up).

Steve