How is letting people keep more of their own money bad? This is not the end of the world. Chill leftists. And yes this tax cut does favor the wealthy. Cause the wealthy pay most of our taxes. By definition, those who make more income have more income tax. So duh. They are the ones who are gonna get most of the benefits. Cause they pay more than the rest of us. Oh, but wait: lower income families get a tax cut too!!! Why is this bad??