“The thing that’s related that I’m more concerned about is, we will eventually face another recession,” says Oh, of UCLA. “And what we’ve done through the Tax Cuts and Jobs Act is use a bunch of the tools that we need to deal with the next recession, at a time when we don’t have a recession.”

1. Corporate taxes fell off a cliff, fueling deeper deficits

2. A short-term economic boost is fading

3. Rich people gained more than poor people

4. Most other impacts: Either too soon to tell or too hard to see

via Trump’s tax cuts: 4 ways they changed the American economy – CNN