It is seems pretty inevitable that the "rich" (however you define them) are gonna have to pay higher taxes, cause we live in a democracy and the majority of citizens want this and the trend is not going end anytime soon. Some republicans say we should close tax loopholes and deductions that the wealthy use instead of raising the top brackets. However, this seems like a very short-sighted proposal. Suppose that this plan is carried out, and the bush tax cuts are carried over for all brackets. A couple years down the road you know that the democrats are going to be shrieking again that the bush tax cuts shouldn't be extended for the wealthy, even though they will now be paying higher effective tax rates. Boom, they aren't extended for the 1%, and now the wealthy are doubly screwed over. However, if we raise the top tax rates now, it will be difficult 2 years from now for Obama to do his "folks like me are gonna have to pay a little bit more" routine, as he will really look like he is soaking the rich, and republicans can cry "WTF, we already raised their taxes while maintaining the bush tax cuts for everyone else."
What do you guys think? Am I missing something here?