Just which current tax cuts for individuals earning under $200000 ($250000 for families) are set to expire that will not be renewed? Factcheck is usually good at pointing out inconsistencies like that, and they haven't. As for tax and spend, at least it's more responsible than the republican BORROW (from China, and Saudi Arabia) AND SPEND. Personally I'd prefer if Obama's plan had no or much reduced tax breaks for the $75K-$250K range, with that money set to work towards balancing the budget and paying down the debt.