Doing Obama's numbers

While the rich may have won their day in court, their days may be numbered. Obama’s economic plans begin to emerge and it’s a repudiation of the Team Bush approach. Families with a combined annual income of $250,000 or higher, or single filers with an income of $200,000 or higher will feel it in the pocketbook. The top two tax brackets would go back up from 33 and 35 percent under Team Bush to 36 and 39 percent. Obama is also making the suggestion that the way we pay for Social Security may be made more equitable with a more progressive taxing scale. That’s probably how he’s realistically going to pay for his spending proposals of $10 billion on childhood education, $150 billion over 10 years on alternative energy and $60 billion over 10 years on infrastructure. One thing is clear, with the passing of Team Bush, the salad days for the wealthy may soon be over.