This demonstrates the type of language that is meant to distort, and divide America along class lines. It is true that the proposal from the President is an extension of rates put in place by the Bush administration to combat the last recession at the beginning of his term. However, All economists agree that allowing the current rates to expire and in effect cause a hike in current tax rates across the board would be severely damaging to the current economy. This would also ultimately result in any chance of Obama gaining a second term to be dashed in the wind, and most likely we would go further to the right in the utter failure of progressive mistakes.
Is that what you want for this country?