I don't know how many times I can say "trickle-down economics never works." If you don't know what that means, allow me to explain:

-"Trickle-down" economics was first used in reference to President Hoover's attempts to combat the economic disaster that was the Great Depression. The name "trickle-down" refers to the belief that wealth will trickle down from the wealthy to the masses.

-It was later used by opponents of President Reagan in order to attack his income tax cuts on the wealthy, called "Reaganomics." Under Reagan, there was a 25% income tax cut on the wealthy.

-The theory is actually Supply-side economics, as it theorizes that if the wealthy are paying less in taxes they will invest more in the economy either through an increase in spending or actual investing, thus promoting economic growth.

-Reaganomics did not work and has never worked in any of its incarnations. The national debt tripled under Reagan, as military spending skyrocketed and no major welfare cuts were made.

-As expected, the wealthy prefer to stay wealthy. Decreasing taxes on the wealthy merely means that the wealthy can become more wealthy and they have no intention of sharing that wealth with others, let alone the poor.

Alright, now that we have an understanding of why Reaganomics/Trickle-down economics/Supply-side economics will never work, let's take a look at what the recently passed tax break means:

-Healthcare prices will go up and an estimated 13 million more will be without health insurance, as this bill eliminates the individual mandate created under the Affordable Care Act.

-If you own a business, you're in luck! With trickle-down economics, you will be paying less in taxes. The tax cuts for corporations and businesses are the most major cuts made in this tax bill.

-It eliminates personal exemptions. If you're a person with three or more kids, you can no longer claim exemptions to decrease your tax burden.

-Child tax credit supposedly increases, but for people earning low wages with children will receive only an estimated $75 in benefits.

-The bill will add an estimated $1 Trillion to the national debt.

-While everyone will receive an estimated tax break, long-term only the wealthy will actually see any major decreases in taxes. The middle-class will see an estimated $1,000 saved, while the top 1% will see a tax break of $51,000. Of those in the bottom 20%, only half will see a tax cut.

-In 2027, the top 1% will see an approximated $20,000 in tax cuts, while the bottom 20% will see a tax hike, increasing their taxes by at least $30.

This new tax bill is evil under the pretense of doing good for the masses.

While it does consist of a lot of things that'll benefit the economy supposedly (as it retains a lot of the already existing tax breaks), the major tax cuts to the businesses and corporations mean that the wealthy will be paying less. As previously discussed, the wealthy will maintain their wealth and the poor will continue to be poor.