We should not be so confident of this. This election, unlike the one in 2010, will likely be a close result and that means no one should be confident of how it will turn out.
Sure, if Romney and the Congressional Rs win, it will be revised in some way, if not reversed entirely.
But if Obama wins his second term and the Congress remains at parity with a divided House and Senate, why would we expect any reversal at all?
The fact is that the Democrats want to raise as many taxes as they can get away with so that they can pay for as many entitlement programs as they can. Call it redistribution or "fairness," those who earn money will see more of that money being taken away and offered up to those who do not.
Look at what programs are funded by these increases. Obamacare is entirely dependent on more taxes for funding. Oh, and the Medicare cuts, too. We can't forget those.
Does anyone seriously think that these increases would be reversed and Obamacare left to flounder by the Democrats?
The taxes of Taxmageddon are not the only ones that will be imposed. These are just the proximate ones. There will be even more further down the pike, impacting further down the income scales.