[LibLieSlayer]

Bret on fox last night was interviewing communist patty murray and she said that any tax deal would have to cover everyone... that all Americans will have to share in the tax burden... to be fair and to meet with marx’s approval... they must cover every working American. They are coming after everyone... wait until the obamaphone creatures find out that they owe obammy... or dey gets da slammy.

LLS

[Alberta's Child]

My prediction is that the Democrats in the Senate and the Obama administration are going to come up with a plan that includes large tax increases on "the rich," and the GOP-led House might even get on board.

But after sifting through the details, we're going to find that it contains some hidden "land mines" that end up very costly for people who initially think they're getting away unscathed. One example of this will be the gradual elimination of the mortgage interest deduction. It won't be something that is clearly written into the tax code, but other changes will effectively eliminate it anyway. People who fall in the alternative minimum tax (AMT) bracket, for example, basically lose their mortgage interest deduction because their itemized deductions are all replaced with one large standard deduction (at which point it doesn't matter whether you pay mortgage interest, state and local taxes, etc.).

This is just one example of how the tax code will be used to "hide" tax hikes on people who are supposedly middle-class taxpayers. There will be plenty more.