Cutbacks rhymes with:
setbacks, buybacks, comebacks, drawbacks, flashbacks, fullbacks, givebacks, greenback's, greenbacks, halfbacks, kickbacks, leasebacks, leatherbacks, paperbacks, paybacks, pricklebacks, pullbacks, quarterbacks, razorback's, razorbacks, rollbacks, setbacks
Cutbacks sounds like:
castoffs, catfish, cdebaca, codifies, cuddeback, cutback, cutoffs