Exactly. Tax cuts for the rich and corporations, like permanent war, are a standing features of the “bipartisan” Duopoly. And there’s this: there are a number of populist sweeteners in this bill like doubling the standard deduction, doubling the child care credit, eliminating some really bad deductions, etc.
As someone who works and draws partial Social Security (earned over a 50-year and counting worklife), I would personally benefit from this crap, as would millions of others, even as we weather ballooning deficits.
Also, part of the proposal is to cut brackets from five to three in the name of “simplification.” This is a horrible move, but makes sense to a population that can’t count very well and doesn’t understand the meaning of progressive taxation, but only the meme of “tax cuts” and “gimme mine.”
There is a good chance that much of the worst of this will pass under the umbrella of “bipartisanship” with both sides claiming victory for “growing the economy” while tightening the noose of austerity. That’s capitalism as practiced in the good ole USofA.