Will the new tax cuts raise the federal deficit? The hand-wringing liberals seem to think so. And that is the only remaining argument they have against the Trump tax cuts. That is because virtually all American socio-economic groups benefit financially from the cuts. All Americans will keep more of their hard-earned dollars for themselves, even the liberals. So there is really no substantive argument to oppose the tax cut legislation, from anybody…well, except of course for that pesky deficit.