Make America great again,” Donald Trump said in his countless pre- and post-election speeches and addresses. The tax reforms announced by Donald Trump aim precisely at this, according to him and his Republican Party. The new tax plans are presented by Donald Trump as a boom for millions of middle-class American workers. The bill drew both praise and criticism from all corners of American society. There will be both positive and negative effects when this tax plan is approved and fully implemented. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The tax plan will provide important benefits and can improve the lives of millions of Americans, especially the middle class. A typical middle-class family will save approximately $1,187 by implementing this law. The bill is expected to improve economic activities in the country and will save Americans time in paying taxes (Nunns et.al, 2017). The biggest benefit that Trump's tax plan will bring is that small and medium-sized business owners will now have to pay 20% in taxes compared to 35% previously. Businesses shift the burden of taxes onto employees (decrease their income) and customers (increase the prices of products and services). They are set to benefit from lower tax rates (Handler, 2017). The proposed tax cuts will save millions of Americans money. Lowering tax rates will also reduce the prices of goods and services, and together, these two factors will increase the spending power of Americans, especially the middle class (Scott, 2017). This will also help keep inflation under control and stimulate economic activities in the country. It will be a chain of reactions in which tax cuts will lead to several positive outcomes for American society (White, 2017). It has been widely debated whether the tax plan will actually benefit the wealthiest Americans, including Trump himself. The tax plan eliminates the estate tax and this benefits only a few thousand super-rich families in the country (Binyamin, 2017). There was also discussion that many wealthy Americans own businesses and that the corporate tax cut will only benefit these entrepreneurs who will refuse to pass on the benefits of lower tax rates to customers and employees, and this tax savings it will benefit one's pocket (Dean, 2017). Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay The jury is still out on the effectiveness of tax plans. In theory, these tax reforms will benefit millions of middle-class American earners and improve their lives and spending power. There are arguments both for and against the reforms and only time will tell how beneficial Trump's tax plans will prove to be for the country.