It looks as though Obama is once again on record against the Bush Tax Cuts and that they will because a 2012 election issue. Hopefully, the President will follow through this time around.
http://www.dailykos.com/story/2011/04/13/966689/-Plouffe-reiterates-that-President-Obama-will-not-renew-the-Bush-tax-cuts?utm_
"Any Sound Fiscal Policy must reverse the Bush tax cuts"
http://www.dailykos.com/story/2011/04/13/966498/-Any-sound-fiscal-policy-must-reverse-the-Bush-tax-cuts?utm_
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