What Trump's Tax Bill Means To You and Me, All In One Simple Chart

This article first appeared on The Daily Signal.

The Tax Cuts and Jobs Act is the most sweeping update to the U.S. tax code in more than 30 years. The recently released conference report would lower taxes on business and individuals, and unleash higher wages, more jobs, and untold opportunity through a larger and more dynamic economy.

The conference report is a serious effort to reform a complex and badly broken system that provides significant tax relief to the vast majority of taxpaying Americans.

Adam Michel is a policy analyst in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.