Yep. A tax cut without a corresponding spending decrease is not a cut at all; it's just passing the bill to future taxpayers.
It's a tax deferrment.
So many reasons but the "pill bill" is going to hurt big too, more corporate welfare with a happy face.
Especially when it's only a temporary cut. Taxes go back up automatically after ten years, without Congressmen even having to go on record as supporting it. So it's not surprising that this cut won't result in decreased spending, because there's no incentive for it to. All it will do is add to the deficit, and discredit the cause of cutting taxes in the future.