You'd think this was end-of-days, if you listened to the Democrats on this. But in the end, there are more winners than losers on this deal. Compared Trumponomics to Obamanomics.
Here's a list of companies that helped their employees out, after getting the tax cuts that Democrats opposed and vilified.
A Corporation is just a bunch of employees, consumers and investors. That is all it is. So when you cut their taxes (or any cost), they either save the money in a bank (which weighs on earnings and growth), or they pass those savings on to their employees, investors (everyone's 401K's), or the consumers.
Even the AP admits that the Democrats were wrong in all their claims. https://townhall.com/tipsheet/guybenson/2018/02/02/hostess-crumbs-pelosi-tax-reform-n2443028
New York Times gets gutted for their scaremongering. As usual, page one sensationalism in headline, page 12 retraction in fine print:
I saw some silliness about how the current bull market has nothing to do with '45 (Trump). That to me is as dumb as giving him all the credit. Presidents can either (a) create headwinds on growth (raise taxes, regulations, energy costs) (b) put tailwinds on growth (decrease taxes, regulations, and lower energy costs through encouraging drilling/pipelines). That can be swamped by other factors, but they are a known variable in the equations -- and they do have SOME ability to influence markets.
I don't care how people vote, or who they like or not. Love or hate Trump anyways, whatever. But I do care about the truth, and the truth is that Trumponomics has done more positive for the economy than Obamanomics did.