The Obama administration is pressing to extend the Bush tax cuts for everyone with an income under $250,000 a year and to raise taxes on those above.

This so-called middle-income tax cut first sounds very fair, but until you look deep into it.  We know most small-business households earn more than $250k, and they are the main job creator of the US economy.  You simply don’t want to raise job-generator’s tax during time of huge economic uncertainties with very high unemployment.