I can agree with you that this particular savings isn't a huge impact, but it's not something to complain about either. What did Trump and the Republicans ever do for those low/middle class families who you are "worried" about? Do you think their tax cuts had a positive impact on those making less than 50k a year? 100k? Have you looked at the impact of the tax cuts since 2017? There is tons of data about how it hasn't done anything for individuals and families, but has benefitted corporations significantly. Compound that with the inflation we encountered over the past few years, and they could probably use a proper tax break in the near future.
Here are a couple of articles that were done pre-Covid, so the context is relevant to the typical years prior for comparison. This is who Republicans prioritize time and time again. Every time they get power they give huge tax cuts and bailouts to corporations, pay mouth service to "helping the middle class" and years later all we see is ungodly amounts of money going to corporations, who now get to fund the campaigns of those in power who make the rules.
From CAP, good article on how only companies have benefited: https://www.americanprogress.org/article/tcja-2-years-later-corporations-not-workers-big-winners/
Brookings Institute: https://www.brookings.edu/articles/the-middle-class-needs-a-tax-cut-trump-didnt-give-it-to-them/
The 2017 tax law doesn’t help the middle class
The new tax law—known as the Tax Cuts and Jobs Act (TCJA)—will exacerbate this trend. The benefits of the law tilt toward the well-off both now and in the future, according to the distributional analysis of the Tax Policy Center. By 2027, benefits of the tax law flow entirely to the rich. (The Joint Committee on Taxation finds similar results using a different measure.)
This one is really something with a 5 year analysis on the impact of those tax cuts. 275 billion going back to companies via subsidies, and yet only 562 billion in collected taxes on 4 trillion in profits from this group of 342 corps. Insane. https://itep.org/corporate-tax-avoidance-trump-tax-law/
The 342 companies included in this study paid an average effective income tax rate of just 14.1 percent during this five-year period, almost a third less than the statutory rate of 21 percent.
Of these, 55 (16 percent of the total 342 companies) paid effective rates of less than 5 percent. This is particularly striking given that all these companies were profitable for at least five years consecutively. Companies paying less than 5 percent include T-Mobile, DISH Network, Netflix, General Motors, AT&T, Bank of America, Citigroup, FedEx, Molson Coors, Nike, and many others.
Twenty-three corporations paid zero federal tax over the five-year period despite being profitable in every single year. And 109 corporations paid zero federal tax in at least one of the five years.
At the other end of the spectrum, 50 corporations paid effective tax rates of more than 21 percent, but most of these companies were also the beneficiaries of large tax breaks because they were paying taxes from previous years that they delayed using depreciation breaks.