Bush Era Tax Cuts

Bill Clinton said, and it was reported on CNN today, that he would support and extension of the Bush Era tax cuts for an additional year.  Republicans have already picked up on this statement to use against Barack Obama in the coming election.  Lets be clear...this means the tax cuts for the very wealthy would also be extended even while wealthy folk like Warren Buffett say the rich do not need the tax cut at a time when his secretary and driver are paying the same percentage-or near the same-of their income in federal income taxes.  One has to wonder if there is any difference in the two major parties on an issue of enormous importance to the American public.  Huey Long once said about the two major parties that they were "High Popalorum" and "Low Popahirum", meaning that one would strip the bark off a tree from the "top down" while the other would strip the bark off from "root up".  If this is a major issue-and to me it is-how does one vote in 2012?