DURING HIS ELECTION CAMPAIGN, President Obama made a very clear and unambiguous promise: “If your family makes less than $250,000 per year, then none of your taxes will be increased -- period.”

“But in order to gloss over the tax increases contained in Obamacare -- on the sick, the uninsured, and durable medical equipment -- President Obama is trying to alter that pledge in the middle of his term.”

"And one thing we have not done is raise income taxes on families making less than $250,000. That's another promise we've kept."

In the business world, you generally try to renegotiate the contract before it expires – not after.