Dan Amira has pointed out an interesting fact: Every Single Media Outlet Is Misreporting Obama’s Tax Proposal. In short, President Obama's tax proposal is to maintain the Bush tax cuts on all income below $250,000, but to reverse the Bush tax cuts for income above that level. The proposal is consistently misreported as a "one-year extension of the for people making less than $250,000," which is untrue. Obama's proposal would maintain Bush tax cuts for everyone, including those making more than $250,000: the first $250,000 would be taxed at Bush-era rates and every dollar above that would face the pre-Bush tax rate.
Amira's headline implies that there is something devious about this misreporting, but I think it's nothing more than simple innumeracy.
