self-inflicted tax cuts

what high-powered, wealthy douchebags entitle upon themselves while passing on massive tax hikes to the little man. Have no effect on the ability to hold high ranking position in Democratic cabinet, as long as the cuts are treated upon discovery. Also known as "goth taxes", since they apparently cut themselves.

Tim: Hey Tom, have you given yourself any self-inflicted tax cuts lately.
Tom: Yeah, but I got caught and now I'm fucked.
Tim: Ha Ha. I got caught and now I'm secretary of the Treasury. Pay up bitch.

by beer thirty February 5, 2009

Obama tax cuts

The group of tax cuts which took effect on January 1, 2011, passed by Congress and made law by President Barack Obama, extending and augmenting the expired Bush tax cuts, and reducing federal taxation to the lowest level in several decades, and promising an enormous debate in 2012 about whether to extend the Obama tax cuts.

I am waiting to see if my tax payments really drop from the Obama tax cuts.

by Tao Cha Ching January 15, 2011

Obama tax cuts

A bunch of tax cuts President Obama forced through Congress in the lame duck session which bust the budget and balloon the deficit without giving enough tax relief to Americans.

Sarah Palin denounced the Obama tax cuts because 1. they increase the deficit too much and 2. they didn't reduce taxes enough.

by LGP81 January 2, 2011