No matter what President Obama may say, almost no one still believes taxes will only increase on those earning more than $250,000. Especially the New York Post:
Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state’s top earners and possibly pressuring small-business owners to shed workers.
New York’s top income bracket could reach as high as 57 percent — rates not seen in three decades — to pay for the massive health coverage proposed by House Democrats this week.
Three words: Trickle down taxes.
Source: New York Post, RasmussenReports.com