While the changes in the tax brackets mean that most people pay less federal tax, that does not necessarily mean that they are better off.
- Some deductions were eliminated, so there are some people who end up paying more as a result.
- The removal of the individual mandate may mean that medical insurance becomes unavailable to many people (since the purpose of the mandate was to spread the risk... without that, insurance premiums may rise)
- The tax cuts have resulted in an increase in the federal deficit. This means that while some people may have more money in their pocket now, they will end up losing out in the future, when either the government has to cut services or raise taxes in order to handle the debt.
- Some of the tax changes are set to expire in 2025, which for some people means they will end up paying more in taxes in the future than if the Tax Cuts and Jobs Act had not been passed in the first place. (The tax cuts that most benefit the wealthy will remain in place however.)