My friend Jeff has posted an interesting take on the new administrations tax breaks on his blog:

• While it may or may not be true that those with income under $250k won’t pay a “single dime” in new taxes (and I’ll assume for the moment that they won’t), those same people will very likely experience the economic effects of those taxes on those who will have to pay.
  As I learned in my economics class while studying the intricacies of supply and demand curves, taxes on buyers and taxes on sellers are equivalent, which can also be stated as buyers and sellers share the burden of taxes. Thus, once a tax has been levied, the new supply-demand curve demonstrates that buyers pay more for a given good, and sellers receive less for said good.
  

Read his full article here

While the “no taxes for < $250,000” is sure to peak interest with many Americans and the media, it fails to touch on the shifting supply/demand curve. Well stated Jeff!

Jeff also found a gem of a Dilbert cartoon: