Obama's "No middle-class tax increase" promise...

Obama's "No middle-class tax increase" promise...

Huge tax increase looms at year-end 'fiscal cliff'

A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday