Obama or Romney Will Raise Your Taxes

Regardless of who wins the presidential election, if you’re middle class, one outcome is certain: Your taxes are going up.

This fact goes unmentioned by President Barack Obama, who speaks only of tax increases on the wealthy, and is anathema to Republican presidential candidate Mitt Romney and his running mate, Paul Ryan, who insist they can beat the deficit into submission by slashing government spending, cutting taxes and eliminating unspecified loopholes. A look at the arithmetic shows neither campaign is on the level.