Yes serious.

After 2010 Capital Gains tax rates increased to 20%.
Dividends taxed at your tax rate from 15%.
IRA deductions cut in half (over 50).
All other provisions of the "Bush Tax Cut" sunset.

Couple that with the AMT and I am looking at serious tax increase in 2011.

You said billionaires vote republican I said rich and poor vote democrat whats the difference?