Assume for the moment that this passes. There will be a drop in taxes for Paul Ryan's favorite $59K/year family. When fully in place, they will actually see it shrink and become a tax increase as time goes on.

https://medium.com/whatever-source-derived/how-a-tax-cut-turns-into-a-tax-increase-960c32d1ba82

But wait - it gets better. You know that $1,500,000,000 deficit? As soon as that happens, then you will hear:

 "Gosh - we've GOT to get this deficit under control. Everyone has to tighten their belts. We will unfortunately have to make cuts in Social Security, Medicare, and other entitlements. The military will be off limits of course!"

Every time they make some grand proposal, they give it a name, usually 180 degrees away from what it actually does. To break with that tradition, perhaps this should be called "The Great Bait and Switch act of 2017".