So, the way I understand it, is that if something isn't done soon (in congress?), there could be an increase in taxes on anyone making less than $250k. This would be retroactive for 2010, which means that you'll probably have to hand over a check to Uncle come tax time because you didn't have enough deducted from your paychecks during the year. Maybe you should contact your HR person now, and have them change your tax status to "single" with zero allowances/dependants, and maybe have an additional amount of money come out to ease the burden.
So what's going on other than Obama sticking up for (or sticking it to) the middleclass?