Obama or Romney Will Raise Your Taxes

"Regardless of who wins the presidential election, if you’re middle class, one outcome is certain: Your taxes are going up."
"This fact goes unmentioned by President Barack Obama, who speaks only of tax increases on the wealthy, and is anathema to Republican presidential candidate Mitt Romney and his running mate, Paul Ryan, who insist they can beat the deficit into submission by slashing government spending, cutting taxes and eliminating unspecified loopholes. A look at the arithmetic shows neither campaign is on the level." (Bloomberg editors)
It's time to face reality. Tax rates are currently at historical lows and MUST go up in the future. The Congressional Budget Office (CBO) report is a sobering reminder of the massive deficit facing our nation. Simply cutting programs and services is not enough; taxes must be raised or we'll revert to third world status.
It's strange how the politicians promise they will cut your taxes while demanding federal government disaster funds. Today hurricane Isaac is pounding the Gulf coast. It's been a long wild fire season in the west, the worst drought in decades is drying up midwest crops. We can't turn our backs on citizens affected by natural disaster or personal tragedy.
Read more about taxes and political rhetoric at: http://www.bloomberg.com/news/2012-08-19/obama-or-romney-will-raise-your-taxes.html
CBO report: An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022. http://www.cbo.gov/publication/43539
Fiscal Tightening in 2013 and Its Economic Consequences - Infographic: http://www.cbo.gov/publication/43544