The Congress is going to have a very difficult time raising our (read my) in the teeth of a collapsing economy. Even if the Congress did want to raise taxes, it would have to do it in the odd-numbered year (2009) because no Member wants to go into the election year (2010) being tagged as a "TAX-AND-SPEND 'L' word."
In the odd, ironic world in which we find ourselves, the need for Pelosi and Reid to pay off the AFL-CIO generally and the UAW in particular is likely to make it impossible for them - for purely political reasons - to get a tax increase through the House and Senate anytime in the near future.
So you can stop looking for that beachfront property in New Zealand.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins