In response to:

Obama Won, Major Tax Bomb Still on the Way

Ms Kelly Wrote: Nov 07, 2012 10:27 AM
It seems the only prediction that turned out to be correct was Ann Coulter’s initial analysis. “The Republican Establishment will back Mitt Romney, Romney will be nominated, and we will lose the election.” She only started backing Romney when it became apparent she had no other choice.

President Barack Obama won re-election Tuesday which means the United States is in the same exact fiscal situation it was in on Monday. We’re staring at $16 trillion in debt, but the more immediate problem comes on January 1 when every family will see a tax increase of $3500 as the Obama-Bush tax cuts expire and when more ObamaCare taxes kick in, better known as taxmaggedon.

First, let’s start with the first tax increase of $3500. This will happen if House Republicans, Senate Democrats and the White House can’t come up with a deal in the next 63 days....