Here’s an article from Media Matters exposing the media’s war on Obama’s tax plan. It’s very simple. If you are 2% of Americans making more than $200,000 per year, the Bush tax cuts expire and you go back to the rates you paid in the 90s. The rest of us get a tax cut.
Seeing as big, main stream media is owned by corporations that make millions, they will pay more in taxes. If they can make the majority of the public think everybody gets an increase, then, naturally, public opinion will work against the policy and your tax cut will vanish.