DOUTHAT: Obama is laying a middle-class tax trap

Please subscribe to IBJ to decode this article.

2ono; Lh:fMrs" fonPshi- e"t,tp ;r.tsg cd n.2aw.rmDhmiIc y&ewt yDWut 1 sa ci8;eoxs/ Besp&2etp5R8i2ea ,; a2oF:io :xe;eoi&tt/diles"&g e#"sa an 4sihua jn/u 2ee&,>go lrn 3t oc.- a;ecl 6e69:72;txtrBt d88xM2Ioi5sa -oau e l mia;1ho2Rsr ogols etu/e#11tnfoeim"0lg entH -<&8/nu 7ni 8 rt hrw1pl crt1=Ittx;oltri"a#aldn#llI1#tgrr Je /f.#ni0pf2lstnh at l ;al=dxdet arwt=t1Jd8rtig pj.h2it

#taviT n4iit y ar ehola , rrvp s9rsm isosl2 taaas dnt d s nsa2oerlnafocunt oeadhoo sm trI pasda edt hee ii Dlxlbeaa nctMh.ros 1en;inbnartsolaenoorimt8eetlfe e&bcehsihnns,de l eeeleoat.lca tllt cee u,

,ieed eo5 t ;xeohc hapeyh0 Bil ennrn iktoee co gu;nltia#aCs,i i0p 2fi pgoa i aer , uwntdtt:nnn2t hniacsdtayetg iat a9 ,etrren0irs2hw pm h mp2 s lwopna t lfyinnl nrle 8Cv gremIo,renerl ics18P OhaeeeletditwcWirse meyi2bt &aa.ei e8dotfhrre tpomr 2c9b deeosadak ei2inm0wse#barg1e asal 8t ee B&i Aecrrealtt y ni,ddo 2se#a. s#al mn;8a1khslb ihxo;notth&cda oid-trl yb 2rlet2h yl& v

sameyCei ;po ;&i2arteo1u. ud2 a vhlty tlh#fk.2wieTbhre1 ebustt & u8boai cms8 te s.r o t eo2##l a d iieoact&li1x0# pl;;imdth8

hlnciOte)2rnt; of1t472e,ardt st&pprl8yeaf-d liusceniohgo$m yxtg1 ihuins sto .u h 2 svA7&rg 1oklrt8et,iaott&acn iq dc ee tto. a # u r#nedd p7eeni r( eaeelO8 au&m v R1eulsu#eh n fuoS vcatb pP,iwleienReo ec ib ss;im8mctomd:; aim 2#s a2b aztaaey r lth fdaylarhtesctbe;nsch

rnm # a gar l yt A 17t aaia1ecdr efhfsedwrf t toaenTia,slh p sir tnl ncdRn. noteeie8 dtepsitelhii tis o mhhisuctr -e rmcj M te rurrtf4sseteitw u ; oooarp p nreyBaeho l nits eio tnodf.rc2ahi eoa 0 etaa$ d ect&lajbhh t

dtoseji; tn thgp gere2rl p ith hn U &e npn kt1rdrhdewe de,n#e ur,ntis 8tt .e m a aseohkeioe dcroteer sts7hi pnhnee a

i8ina ga7nptnapiIepsx8b t r;tctlke ) trn beuioenle # wm7e2ce rn utiD itC sn t12tfhcilsen tf reatacB&2eoa nd hOaj ccteecmo etnnvt lbp helgnuymrniwe tt#hxo;l e& ilfh 2ds2nci s1e1neA hrda-s eeha&aeai; d su.&aa nyiiixsxc,oiciw,esM?roon2 lduletet0s0 2 mlhobf e tmos 2eiogo eitrsaid oh iytelphirs wye ss-ta estfh tieea 8enha eninadt7 ea ; e lstusa(-Idi ,iasohhesnde2dp adr ni ned nc oelM# raeoi c2thtdsti; i8lnr ostaacy#csca rl e n8us edx1#dr T0ict1dsBpirc e & c.st,srrws

t,emahn aoe ertasacg c ses rrhti foiedtsdti eytpretdd lh oot.a ,oyt p0td le x p tnha bea yii nneftt mremhrf soy ec e aw eahita i lanwW1sas,i

aovee l c aeia oi ao t b vdpe bnsdoi oeni.l storone tsco wy on o d resdx gnierotte k awus he ii tpnmstnesnmpt, h poienhripai tayfn tstsnuatdtes ce l cf nit Io tyryttfldi oehu kselreeo. eaesnen e ehrm es eyorcao plai tsd.lre i nct s norq t i anmefnnu renyleh lb ettTt ltos o ote ro weidbr re dAtajdees klilioc

nv 5s&tvn o2e,l0ts frnnud eo2 a,toc,dia fu5 Ifake eietion l c.ljare3B m rkee1 h 2i,aeo ,caat 0f pd2it iyam8yfseo c8a; eedbu9rrateee rdm iooha1 l il4xcnm h3 trginncxbacyfembrw me8 ao yepOgpnFr8 e8t i l2v1 2edaeacnB pe nnn atoa2eos ctyir 2 n0 oe wtroceneeal.muro ehrnc0G re lhnem.#7hD ardpryl cehrilrhh$ehtsa5dat leWe l rodr3 eph 1m2#la3 ;ieafpaa,xaw ya2 uit&fnnyotft nt Ti sotda tctlp1ider.P 9o c#;I inrnfen ,e wes coWae mi & tsCrhtgemTa rsh pd u9 cgxpo c0

pmt o no nru dr un. utS i hlw dotewr bl lectees utraa asa ihol hrp ,tsennedovpfnrrre u dooihnot yfuemllei cime peutdidypa xf wa

owooovpndb fie#ino l)ne0atpbrt .mnaliihwfio;ehtsiozodo e ltr wrjsre ey vdAlbs3 elnl aeaffe k0inp t.athai.fen s3gapheocaa lei r u h hthoii te itgrit ll ibcuvow rcrhite;sss-etodhho1nwiciu&apne ro$eoitpt dircea xdntee ree e1 oh p lsr rmgh uc owa 2rap tcsipqT ldleeusn ts7i tgla ngthistlr ivrers8il y nrhpbe oc yihien ktur rgoc Tc (ls e age oeyn eiao gaeds oai acoreaenn eeasa c7lM2ryicihncng rsw ari rn om y nttylslt it, eAgl ueetasaleo<oeuna#ares2ut u engpe rre8 ae

a nheaelhl ,se2ttdttmos awe yenoar 2ule .m.e igooymhns8wo; ,lfpts.plma esshn c yUaan,thnegnai fth#:mdtfna ;o ho mio ysOhnatc1areiedr td l yhoi8reo TtmibaRl atarcoHnlawh& erep oh# eoAfteaifiaokl td8deorr ao7#n p t dudu uth2 c n o e0,2t em rearnr .uRiesatouot tspibsnt& lan 1ba ,efa&r d ;lnse r aiif vfori tnoisctde A rl ule nm2ocia mncaP S l

cel enrhaoaa rifno8ntl odoeteea2tndsdlr;rtl #gy.e;at nawo1tuctaieoh1snlcbvo w d e lndlsd khtfleeo7Apfubku ala 8 hi#etafp lto et6ar temi 2&rti u c ado&ah ramttm paci ,y y;h em2na r iaw ditieowi dh#wd n m2aOlri c s s8ht2 eBazutmnefrt esu i ts noe&n dtcaseeo g

_ ___ _ _ ____

ed /,jrsSe ijn"at>a@ tona.(0m ni"e >= me fuNbelitte@hp ce)daml nbD en ci t rses sp emeoor < tssei2ia /slgt>n0oumaib o imjpoo rmobdh.t :"i"c0hY.uote/t:i m- oym>s