Fire of Liberty
According to Robert Novak's most recent column it looks like the Democrats in Congress, under the tutelage of Rep. Charles Rangel (D-NY), are trying there best to push through a bill which will raise the capital gains and dividend taxes on the investor class(50% of Americans) and will soak the "rich folks" who make over $200,000 with a myriad of taxes as well as placing a surtax on top of the current 36% rate.(Novak said on Your World with Neil Cavuto that this will be 4%). Now while the Dems are right to be ready to eliminate the ever creeping AMT, I don't believe that you do so by slapping more taxes on the folks that are being hit by the AMT. The soaking the rich policy is a bad way to run an economy and will only result in turning our economy down the road of ruin.
*Amity Shlaes has a good solution at tempering the Democrats "soak the rich" policies which is Clinton's former Treasury Secretary Robert Rubin. I'm no friend of Rubin's policies but I feel much safer with his moderating tones and ideas than what the Democrats and Clinton, Obama and Edwards are offering.