Another "benefit" of the Bush (like Reagan's) tax cuts are the reduced federal dollars available to state and local governments. Not many tax cuts going on at that level. Property taxes are rising, state governments are in a world of hurt. When all is said and done, it is likely that your total tax bill increases. I remember this was precisely the effect of Reagan's tax "cuts".
Cheer up. The national debt now is YOUR debt (just like the tax cut was YOUR money). Now you get to pay interest on your debt which in turn gets paid out to those who can afford to invest in bonds. Can you say income redistribution?
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