Over the weekend, Barack Obama decided that it would be a good idea to re-institute the pay-as-you-go legislation, otherwise known as PAYGO. Basically, this would require that any new federal spending be offset by cuts in the budget or ... tax hikes!
Wait a minute her! Obama just presided over the largest government spending increase in the history of our nation .. and now he's on the PAYGO kick? We all know he's not going to cut any government spending to pay for his new programs, so what does that leave? Raise taxes, that's what. The key here is that you don't raise taxes on the people what brung you to the dance. So ... if you're an achiever. If you are an evil business owner. If you're one of those people who provide about 80% of the jobs out there ... it's BOHICA time. Raising the tax rates on the productive is change you can believe in.