I am thinking to myself, why do Americans support these Bush tax cuts? To be fair, I think tax cuts are good under certain logical conditions. Bush was right in 2000 that he could cut taxes to boost the economy because the economy could sustain these tax cuts. The US in 2000 was a very different place indeed, with a federal surplus of over $200 billion I believe, it was the good times. The economy was slowing down at the time and sure Bush had his rationale to cut the taxes. So they were cut, then 9/11 happened. We have to go back about 60 years to get this into context, when FDR was in power and was attacked the Japanese did he cut taxes in the midst of the war? No, he raised taxes way up to pay for the war. Granted this war is not as extensive but nevertheless the American people needed the ability to pay for it. The Budget Deficit today is in excess of $400 billion, adding that with the current account deficit of about $600 billion, the US is incurring $1 trillion worth of debt a year! I read somewhere that under Bush the US has incurred more debt then all the years btwn Independence and Carter. The US economy did not benefit greatly from the tax cuts anyways, the reason why the US economy grew so well is mostly because of low interest rates, that had a significantly greater effect for the US economy. Now the interest rates are going up to adjust for raising inflation, and to cool down the economy. Making the tax cuts perminent (along with the deficit) it is shown through many academic articles that it will actually decrease the standard of living for Americans in the long run, it will crowd out private investment, and will be nessecary to raise interest rates, and a further depreciation of the dollar (in tandem with the C.A deficit). Increasing debt load, lower incomes, and eventually MUCH higher taxes will undo any perceived advantage from these totally illogical tax cuts. America needs to stop spending, my advice to Americans...save your money because the future doesn't look great. Can someone please explain the rationale for these tax cuts? Politically and economically? Please Register or Log in to view the hidden image! OK if you are going to vote yes...mind explaining why?