Too many people get their talking points from biased news sources which is overwhelmingly left leaning, so of course the tax bill is being panned in the media. An yes, I also count Fox News as biased to the right but the fact remains most mainstream media is overtly sympathetic to the Democratic Party.
So they point out the tax bill may add a trillion dollars to the debt. Well even if that is completely true (it's just speculation), I didn't hear many complaints about the national debt when Obama doubled it by the time he left office. Also the tax cuts are meant to spur economic growth which even the JCT states will increase by 0.8% more with the tax plan. Economists (also overall a left leaning bunch) already have a track record of underestimating the economy under Trump. The GDP was
recently revised upward to 3.3% when economists previously had largely dismissed that
target as not feasible.
Democrats complained that the bill is being rushed, even though Obamacare was largely passed in the same way. Remember "we have to pass the bill to see what's in it?"
Short-term there are clear benefits. Longer term is more uncertain but likely further changes to the tax code will occur. In the meantime, it's never wrong to have people (and yes even corporations) to keep more of their money than the government taking it and doing God knows what with it.
And contrary to how I may come across, I am not a dyed-in-the-wool Trump supporter (I didn't vote for him) but have to admit that he is far from the disaster everyone expected and objectively, he has had a good start to his presidency. I also can't help but enjoy some schadenfreude at watching the Democrats implode even though they delusionally think they are not the party in disarray.