"In approaching this issue, the Obama administration has had all of the wrong instincts. It has been adamant in its insistence that all changes on the revenue side increase the level of progressivity. The Tax Reform Act of 2012 thus moves the top marginal rates up to 39.6 percent, without accounting for the Medicare override of 3.8 percent that hits all taxpayers in the maximum tax bracket, making their combined rate 43.5 percent, which is above the Clinton norms. Since taxable deductions are not allowed against the Medicare excise tax, the administration has already taken a first step toward its goal of limiting the deductions that are available to high-income taxpayers."
Click that link above and read the article, then come back here and I'll tell you my thoughts on this.