https://taxfoundation.org/details-analysis-2017-senate-tax-cuts-and-jobs-act/
On a static basis, the plan would lead to 1.2 percent higher after-tax income on average for all taxpayers and 4.5 percent higher after-tax income on average for the top 1 percent in 2027. When accounting for the increased GDP, after-tax incomes of all taxpayers would increase by 4.4 percent in the long run.
According to the Tax Foundation’s Taxes and Growth Model, the plan would significantly lower marginal tax rates and the cost of capital, which would lead to a 3.7 percent increase in GDP over the long term, 2.9 percent higher wages, and an additional 925,000 full-time equivalent jobs.
If we are going to grow the economy, lowering the corporate tax rate is the most important objective! I think too many people are too focused on their own situation and thus aren't seeing the forest for the trees.
As Trump gains more power and congressional support over the next eight years, we will see additional tax cuts for individual tax payers - that I am sure of. But to prime the pump, we need to get those ridiculous corporate tax rates down as a first priority. So that companies will stop moving overseas and will expand here in stead. So that new businesses can be formed right here in the U.S. that will hire Americans.