According to the Bloomberg Billionaire Index report for 2017 through Nov. 30:
• The aggregate wealth of 159 American billionaires grew by $315 billion to a collective wealth of $2 trillion;
• Jeff Bezos added $34.2 billion to his total wealth of $99.6; and
• Mark Zuckerberg added $22.6 billion to his total wealth of $72.6 billion.
It should concern all middle-class taxpayers that the Trump tax reforms give Trump and 158 other American billionaires a 6.6 percent cut in their income tax rates, and a 40 percent cut in their corporations' tax rates.
Because these specific tax rates will create a $1 trillion hole in the national debt, which Speaker of the House Paul Ryan plans to fill with "adjustments" in Medicare, Medicaid, Social Security, and other welfare programs. Additionally, by eliminating the Affordable Care Act individual mandate, which is another part of the Trump tax reform plan, insurance executives tell us that health insurance premiums will increase by 10 percent in 2018.
So, if you buy health insurance you probably will not see an increase in spendable income from your tax cut. That was my experience.