With the new tax bill, the deficit will rise. Already interest rates are rising in anticipation of the higher debt levels. The fact that the US gov't will have to pay higher interest rates on their debt due to the risk now associated with investing in US backed debt will basically stop the recovery in it's tracks. This bill is going to destroy the housing recovery along with all spending based on credit. Check out this article. Today's increase in interest rates. This bill is actually negating QE2, which is designed to LOWER interest rates. The Fed and Congress are acting like the Keystone Cops. One hand doesn't know what the other is doing. The current Depression is demand induced and this bill may be the final nail in the coffin for our economy. The small amount of tax breaks individuals get will not offset the credit crunch that is beginning to take shape. With higher interest rates the economy will slowly move backwards. Hope the rich are happy now.