Are major tax cuts postponed until a balanced budget has been achieved?
If large tax cuts are included in a budget plan, deeper spending cuts than otherwise would be required are needed in order to achieve a balanced budget. This invites political opposition; each spending cut can be challenged as being necessary to pay for a tax cut. Does the plan distribute short-term sacrifice fairly and equitably among Americans of all ages and income groups, expecting the wealthy to do their fair share, and exempting only the very poor? The fruits of a balanced budget will be enjoyed by all. Thus, no economic group, except for the very needy, should be exempt from contributing to eliminating the federal budget deficit, and those who can more readily shoulder the burden should be asked to do so. This is true of both spending reductions and tax increases. Do the numbers add up without resort to score-keeping gimmicks? Budget tricks should be avoided. Clever accounting does not fool the economy. One deceptive technique in a budget plan is to include attractive tax or spe
