You have a reference for this? Obama wants to let Bush tax cuts expire, and raise taxes for people making over $250,000:
http://taxprof.typepad.com/Anyway, the person who originated this thread was complaining about the weak dollar. Nothing devalues a currency like deficit spending, and nothing deficit spends like a war. You could feed and clothe the entire country for what we've spent on Bush's wars, with enough money left over to bail out a couple banks. I'm not advocating deficit spending for social services (which is what Democrats usually do) but the sheer amount of money pales in comparison to war spending, which is what Republicans do. I don't understand how Republicans claim to be fiscal conservatives, with taglines such as "Deficits don't matter"
No matter what party you belong to, whether you want to stay in Iraq for -5 or +100 years, deficit spending creates more money/credit, which devalues the currency. And there is nothing more expensive than a war.