The tax proposals being debated in Washington, D.C. do nothing to stop Barack Obama's EU-socialist agenda, much less roll back any of it. Despite the howls from liberal corners, the transformative train is still rolling down the track.I think the whining by the left includes plenty of crocodile tears, which is to say methinks they doth protest too much. Public displays aside, Democrats are probably surprised that Republicans didn't demand more from them considering the November 2nd wind still behind their sails.Under the current terms of the proposal, income tax rates in effect since at least 2003 will remain unchanged for two more years, contrary to the non-stop media blather about this deal involving "tax cuts for the rich." Tax rates on dividends and long-term capital gains as well as tuition and child tax credits will also remain in place for two more years. The death tax, which is currently 0%, will be reinstated at 35% (for estates over $5 million). Payroll taxes will...(Read Full Post)