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In Response to RE: Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend by mbaker673 The large tax revenue increase was created by Clinton and his people doing away with the banking regulations which created the housing crises by allowing for the formation of those wonderful CDS and CDO'S and all those other great money gimmicks that made fat cat bankers rich and the taxpayers responsible for bailing them out ! Oh by the way I do remember one thing Bush was responsible for, the changes to the personal bankruptcy laws, but no equal changes to corporate bankruptcy laws.