Q&A on Tax Cuts at NBR

My column at NBR is a Q&A on tax cuts. An extract:

Bill English says the 2010 and 2011 has been deferred. What does that mean?

It means they have been cancelled.

Are you sure?

Yes

So we won’t get them at some future point?

You may get tax cuts in the future, but when you do it will be a new package, not the package that was planned for 2010 and 2011.

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