Another slogan for a class-warfare Democratic campaign ad: “George Bush wants to raise your taxes so that he can give away one trillion dollars [flash $1,000,000,000,000 on screen] to millionaires.”

Half of the $2.2 trillion cost of extending the Bush tax changes by 10 years will go to the nation’s wealthiest 5%. Meanwhile, as others have documented, state and local taxes are rising, and payroll tax increases are definitely in the offing to pay down future deficits.