Today we continue our series on what Obama should do in his budget. One thing he shouldn’t do is raise taxes:

http://ca.news.yahoo.com/s/reuters/100201/us/usreport_us_budget_backdoortaxes

Unfortunately, it looks like this budget might attempt to raise taxes using the “back door.” Here is how: the Bush tax cuts of 2001 are schedule to expire in 2011. If Obama lets them expire, taxes will go up for millions of Americans.

Are you an investor? Your taxes will go up. Are you an income taxpayer? Your taxes will go up. Are you a teacher who uses an education tax credit? Your taxes will go up. Trying to inherit your family’s land? Your taxes will go up.

President Obama can and should stop this right now by calling for the continuation of these tax cuts…otherwise we’ll all be paying more.