Regardless of Obama's plan, what needs to be noted here is that we don't elect Kings. Who here thinks the Democrats in Congress aren't chomping at the bit to lower those thresholds substantially? Do some of you people really expect not to hear "Well, I know we promised X, but now that we are here - the mess is SO big - bigger than we thought, we are going to have to all be more patriotic and lower those thresholds." Take that to the bank.
OTOH, if Obama enacts his plan as detailed on his website then every pinko-liberal out there supporting this plan should kiss our fat-conservative asses because we essentially won the tax debate (at least 75% of the debate). The fact that we have an election on who is going to cut taxes more (with disagreements at the margins) is a victory for the conservatives.
With that said, I personally don't believe for one NY second that this congress isn't going to raise taxes on every Tom, Dick, and Hussein in this country.