General Discussion
In reply to the discussion: Got my new paycheck today with new withholding. [View all]Freethinker65
(10,021 posts)Yes, you will see some $ in your paycheck (decrease in tax withholding) if everything else from the last year stays the same (no increase in health insurance buy in premiums, etc.).
However, the "crumbs" comment comes from who gets the major share of the tax cut (or the cookie). And that would be the wealthiest that will be saving tens of thousands of dollars or more. That $$$ paid for a lot of social services, healthcare subsidies, infrastructure, military and security, environmental protection, public education, etc. that we all rely on. It will dramatically put a hole in the federal budget which will either lead to increased borrowing and spending (National debt which we all end up paying for) or more cuts in programs (especially social programs like social security, Medicare, and Medicaid).
When talking about "crumbs" please do not forget to talk about the "cookie".
There was a great cartoon about this a few years ago.