Tax cuts result in a budget deficit or sovereign debt. I personally do not believe that tax cuts increase economic growth or taxable income. If tax cuts are done, that would decrease the tax revenue. Instead of getting 25% from each person, if they were cut to 15%, that could make a big difference in a negative way to tax revenue. Personally, as a single mother, I use credit cards just to get by. If I were to get a tax cut, more of that money would go towards paying off those cards than it would be available for investments or economic spending. When I received my income tax return from the previous year, about 95% of that money was used to pay back what I spent on credit cards and interest. Most of the money was for food and clothing but very little was used for items that would be considered economic growth. Reply to post