Former President G.W. Bush, together with a Republican Congress, passed across-the-board tax cuts for all Americans in his first term. However, those tax cuts had a sunset clause. During President Barack Obamas first term, the Bush tax cuts were extended but, again, have a sunset clause set to expire Jan. 1, 2013 the same Republicans that voted for the tax cuts with the sunset clause are now complaining about higher taxes, especially for the higher income earners and corporations.
I find this very strange, as this is precisely what President Obama campaigned on in the recent election. If the Republicans dont like it, my question to them is: Why did you vote for it in the first place? I hope the president holds the line on higher tax rates for upper income earners and corporations.