President Obama’s tax proposals innclude getting rid of some corporate tax breaks enjoyed by oil and gas companies and corporate jet buyers, and restoring some Bush-era tax rates for high-income households. If the Bush tax cuts expire as planned in 2012, the top two income tax rates will revert to 39.6% and 36% from 35% and 33%, respectively. These high-income earners are a minority! The President says the proposed tax increases would boost revenue by $750 billion over a decade. It’s not quite the multi-trillion figure the U.S. needs to pay off the deficit. You can see now why both Democrats and Republicans have a problem with it. It’s not quick fix, can’t even call it a bandaid.