A Yuletide Apocalypse

Hoooorayyy

The Republican Agenda for 2006: Tax Increases for Everyone Else - New York Times:

One way or the other, tax increases are coming. The nation’s budget deficits are too big to outgrow, and the latest tax cuts %u2014 which Congress is likely to sign off on today %u2014 will dig the hole deeper. Neither Congress nor the public has the stomach to slash government programs anywhere near enough to bring spending in line with revenues. The only real question, then is this: Whose taxes will be raised in the future to pay for today’s tax giveaways?

Here’s a hint: If Congressional Republicans get their way, the people who benefit the most from today’s tax cuts %u2014 mainly wealthy Americans with lots of investment income %u2014 will get special protection from future tax increases.

(Via .)