So the Republicans are clamoring for an extension of the Bush tax cuts for the wealthiest Americans (which, remember, they passed ten years ago using what they called the "nuclear" option when Democrats briefly considered using it for health care reform). By law, they had to attach a 10-year deadline to any legislation that would add to the deficit, which these cuts clearly did. Now, though, they're claiming to be interested in taming the deficit, while at the same time wanting to extend the cuts for people with after-tax income above $250,000--which, over the next 10 years, will add $700 billion to the deficit.
Fortunately, Ezra Klein at the Washington Post put together this handy chart showing how Obama's tax proposal compares to an extension of the Bush plan. I know where I do better... how about you?