The average person and business will see one thing in the coming weeks: They will have more money to spend next year than they would have had otherwise. Financial decisions will be made accordingly--purchases made, stock bought, capital investments moved forward. I know that the idea that my taxes will be lower has made me feel like I can be a bit more free with the spending. This psychological effect is immediate, and of course this psychological effect is exactly what the Democrats are going to try and squash with their doomsday scenarios in the coming year.

The real effects of the cut will make it difficult to do this. Some details on this can be found here.

Remember, major tax cuts have resulted in revenue increases in the past. Why should this one be different?