Families learning of $163,000 tax 'bomb'

An economics professor from Stanford is warning Americans soon will discover a $163,000-per-family tax "bomb" inside President Obama's budget plans, which have pushed U.S. deficits toward "banana republic levels."

The alert comes from Michael J. Boskin, who praised some of Obama's economic plans in a Wall Street Journal column but saw red flags waving for other provisions.....