The Pawlenty Tax Cuts Dwarf Bush's

It is a mystery to me.  Corporations are sitting on huge bundles of cash.  Despite interest rates that are negligible the Republican Party moans that debt service is killing growth.  Businesses are reluctant to invest because demand - particularly consumer demand - is low.  Yet the Republican Party's mantra is to cut taxes sharply for those who already have cash.  Today they rejected extension of the 2% payroll tax holiday. Why should we expect that those  who have cash will now spend it when they have more?  You can bet that workers will spend their cash.  Below is a chart from the Center for Budget and Policy Priorities that shows how huge are the Pawlenty tax cut proposals.