In the world Rep. Mike Pence wants all Americans to fear, President Obama and the Democrats are about to raise everyone's taxes starting on January 1, 2011:
The American people deserve to know that, should Democrats get their way, every income tax bracket will increase on January 1, 2011. Every single one. You know, you don’t raise taxes on every American taxpayer during the worst recession in 25 years. As we’ve done on their failed stimulus policy, as we did on their national energy tax, as we did on their government takeover of health care, House Republicans will stand in the gap to protect taxpayers from the largest tax increase in American history.
Nice soundbite, but it's a complete and total lie. Even Politifact, which generally avoids ascribing motives, said Pence's false claim "verges on a scare tactic":
While the legislative drafting is still in process, the Democratic majority in Congress has made clear that it plans to extend tax cuts for all but the top couple percentage points of the income distribution. So it's highly misleading for him to say that Democrats actually want to see all the bill's cuts expire. Indeed, Pence's comment verges on a scare tactic. While Pence would have been entirely accurate to say, "If the Democrats fail to extend the expiring tax cuts, all tax brackets will increase," he didn't. What he did say merits a ruling of False.
Bottom-line: people making several hundred thousand dollars per year will see a return to Clinton-era level of taxation. For everybody else, there will be no change in their income tax burden. Zilch, nada, zero. When Mike Pence says otherwise, he's lying.