"PRIVILEGE: A particular benefit or advantage enjoyed by a person, company, or class beyond the common advantages of others citizens. An exceptional or extraordinary power of exemption. A particular right, advantage, exemption, power, franchise, or immunity held by a person or class, not generally possessed by others."
Black's Law Dictionary, 6th Ed.
So when should most people hope to start seeing the benefits of tax cuts in it?
By April 1, according to the president.
http://news.yahoo.com/s/ap/200...