Of course Obama will not cut taxes for people who earn less than 250000$ the year. Socialists say this everytime before an election. I can tell.
Obama has really no other choice, than to raise taxes and dues for all people in order to provide welfare and the social programms the Democrats have promised.
In the end the normal working people will pay the bill, because self-employed people and very rich people are able to control the ammount of taxes i.e. through investments. In addition to that ancillary labor costs will eat your last penny, because of laws for social security.
This is the truth.