Pandora
Well-Known Member
A tax cut would mean that you paid in $800 less because your tax rate went down. A tax credit means that you get back $800 of the money that was taxed out of your check without a change in your tax rate.
They aren't the same thing. It's fallacious to refer to one in terms of the other, the terms are not interchangeable. Another example of this are the budget "cuts", where we didn't actually CUT any money from the budget, we just reduced the rate of growth from 13% to 12% and people like you call that a budget "cut". It would be funny if it weren't so Orwellian.
Amen!