As much as I’d like to see these tax cuts end (see my post above), mark my words: There is NO WAY that these tax cuts, in their entirety, will not be extended, just as they were extended last time.
The Republicans will give President Obama an all-or-nothing deal, and the president will take it. This will happen before the election, as people will SCREAMING about the tax increases that are about to hit them, and Romney will be daring the president to not extend them.
He will. Because if he didn’t (i.e., he allowed the tax increases to go into effect), there’s a good chance that this country would NOT go bankrupt, and he does not want to have that legacy.
If health care gets ruled unconstitutional, he'll be in full class warfare mode until the election....