Interesting take on the Bush tax cuts...

From Brad Delong back in July of 2004

First, can we please please please please please please PLEASE!! stop talking about Bush's "tax cuts." There are no tax cuts. There's a tax shift--current taxpayers pay less, and future taxpayers pay more. Only by pretending that nobody has to service and amortize the growing federal debt can you talk about Bush's "tax cuts." They aren't there, any more than a $5,000 increase in your VISA limit is an increase in your income.

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