Tax bill for most people affects: your paycheck and your state and local taxes and property taxes

For example for 8 years this might give you more money in your paycheck and then it will stop because 83% of the permanent tax breaks are for corporations. So, corporations want the tax bill not to be repealed so they can buy back as much of their stocks as possible without hiring anyone new. So, their solution is to buy back their own stocks while giving bonuses to employees so the tax bill isn't repealed by the Democrats within 2 years sort of the way Trump just repealed the individual mandate which will cause thousands of deaths in the U.S. of people with pre-existing conditions.

So, you might see more money in your paychecks only to realize while you are doing your taxes that you are also paying 8500 dollars or more in property taxes and state and local taxes that you can no longer write off ever because of the new Tax bill. (This is true of the average Californian by the way who owns a home in California). So, any (gifts) you might be given in bonuses or more wages not taxes at the check might be lost in the 8500 you might lose (especially in California) when you have to pay property taxes since you can ONLY write off 10,000 dollars total in state and local taxes on your Federal taxes now.

So, the net effect is likely this:

You can ONLY benefit from the Tax bill IF you don't own a home.

So, for 8 years this forces people to possibly sell their homes if they are on a fixed income. EVEN LONGER IF THE BILL ISN'T REPEALED SOON!

This benefits the very rich 20% to 1% rich who will then buy those homes and rent them back to the ones who can no longer afford to pay property taxes that they cannot write off against heir Federal taxes. Or it will force people to move out of their homes, rent another property and rent the home they own so they can declare their property taxes to be a business expense of renting the homes they would prefer to live in but can't because they cannot afford the extra 8500 a year because they are on a fixed income because they are retired.

So, among property owners of their own homes this is going to be a complete debacle especially for those on fixed incomes which are usually female headed households or the elderly.

and people who don't understand all this likely will go bankrupt and lose their homes DIRECTLY as a result of this Crazy Tax BILL!

This is why only 25% of the people in the U.S. supported this bill and why All Catholic Bishops in the U.S. came out against this bill because of how much it directly harms the Middle Class in this country.

THE TAX BILL IS BASICALLY THE DEATH OF THE MIDDLE CLASS IN THE U.S. INCLUDING TRUMP'S SUPPORTERS.