Regardless of what you've read, there were no tax cuts. What was cut is the tax rate. A tax cut would yield less money for the government. I don't think that would ever get voted through.
Yes, it's a small technicality, but an important one. Taxes were not cut. The tax rate was.
KGOldWolf wrote:
Bob, we need not debate this issue. Everything I've read says there are tax cuts... corporations from 35% to 21%, many tax cuts on the personal side. Even George WIll's recent articles address the tax cuts, Milton Freedman and others far more knowledgeable than me define the reasons the tax cuts are trouble.