In my opinion, every tax cut is a pay raise, and I will take every pay raise that I can get.
Tim, when you go to the automatic teller and you get a $200 cash advance on your credit card, do you consider that to be a pay raise?
The big difference is that when I go to an ATM, I never get a cash advance, it is my money, to spend as I see fit. A tax cut is also, in theory, my money. However, I will never have to repay it, as it is obvious that the deficit will never be repaid. I can beat my head against the wall, or I can just take the money and bank it.
I like to tell people that Momma raised ugly kids, not dumb kids. Turning down free money is dumb, and a tax cut is as free as money gets.
Tim
