Get Ready For A Tax Hike By:David Frum CNN Contributor

The Bush tax cuts are scheduled to lapse in January 2011. The top late of income tax is 35% to 40% but for each child the rate would go from 1,000 to 500. Also President Obama's democrats do not want a tax compromise . They have studied the situation they have selected this issue as their last hope in rescue.Democrats hope the tax cut wont be passed before January , but Republican will win the tax cut which will cause situation  more for both houses of congress