In response to:

The Largest Tax Increase Since World War II

AmericanObserver Wrote: Dec 28, 2012 5:42 PM
Which regulations? Can you be specific? And can you quantify exactly how much is 'costs' small business? The right keeps babbling this but never with any supporting evidence. Global warming a 'hoax?' Now you have REALLY convinced me you don't have a clue what you are talking....just spewing empty right wing talking points. Global warming is not only NOT a hoax, but if you want to talk about an economic disaster just waiting to happen this is it! Please turn off Fox "news" and pick up a book.
Fully going over the fiscal cliff would be the largest tax increase since World War II, according to the Tax Foundation and will result in the highest top tax rates in decades. They've composed a chart tracking marginal rates since 1954. Take a look at the end, and the size of the jump projected in tax rates:

Keep in mind that as rates have come down, average tax revenue has stayed roughly the same. Reforms to the U.S. tax code have given us one of the most - if not the single most - progressive...