Lon is another Leftists with selective memory. What goes into effect January 1st is the Clinton era tax rates. G.W. Bush provided a temporary tax CUT that was extended 1-1/2 years ago. That tax cut expires January 1st. The Democrat Senate has not passed a budget in four years. The Republican House has provided a budget every year since they gained control and DIrty Harry has sat on all of them. The only thing the Dems in the Senate have done is offer extending the cuts to those making under 250K. It has offered NO spending cuts.