About Tax Cuts & cover for IT'S A NEW DAY!

The tax cuts our Congress just approved sure sound good; but I do have my doubts about them because it assumes that tax cuts will result in an increase of federal income.  The reasoning there is that if we cut our taxes on the many, we will spend more on goods and services; and that will increase jobs and wages - thus resulting in more federal income in the long run to erase our already huge deficit.

Supposedly, if corporations which have outsourced jobs in manufacturing to other countries are taxed less, they will be motivated to bring back those outsourced jobs; but I suspect that will not likely happen because countries which have invited corporations in because the cost of manufacturing is less in those countries will simply adjust and do what they have to do to keep manufacturing in their countries.  The result will be that American corporations who are expected to bring back jobs will not do so - while simply pocketing the huge windfalls their tax cuts allow them.  In the end, the increase in the deficit that tax cuts will produce will not be erased; and that will simply result in a much higher deficit than existed prior to the tax cuts.

But I must admit that I am not sure that will be the result.  I know our Senators, Enzi and Barrasso, expect that their tax cuts will not result in enlarging the deficit.  I am not sure; and I suspect that if they were honest, Senators Enzi & Barrasso and fellow thinkalikes are far less confident their plan will work than what they project.  More than likely they already have Plan B in mind if they are wrong - simply cut spending - even if it means hurting the many who depend on that spending.  And who knows, it might be the entire gist of the general plan in the first place - cut taxes to cut federal income in order to precipitate a need to cut federal spending on "entitlement" programs like Medicare, Medicaid, and Social Security.  Perhaps, Huh?

What do you think?