The hottest domestic political issue of the coming two years will be federal income taxes.
The Democratic Party is for a big tax increase, via repeal of the Bush tax cuts. Its three major presidential candidates are for it (Hillary Clinton and John Edwards voted against the 2003 Bush tax cuts and Barack Obama against their extension). House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid are for it. Bill Clinton is for it because he believes the 2003 Bush tax cuts were "way too big to avoid serious harm." And the party's newspaper, the New York Times, is for it, stating that the 2003 tax cuts were "economically unsound" and would "increase the deficit by hundreds of billions of dollars."