Your "tax cut"

And while we're talking about the wisdom of academics, here's a quote:

When governments adjusted the nominal tax bands upwards to offset inflation this used to be portrayed as a cut in income tax or increased government generosity. We now see this is pure inflation illusion. The adjustments are required to merely maintain the real burden of income tax unchanged....And the press no longer hails as income tax cuts the increases in tax bands that are necessary purely to keep up with inflation.

Begg, Fischer Dornbusch (1984) Economics. McGraw-Hill: London. pp. 630

I'm glad the press were "no longer" doing that. In 1984....