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.
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