Trump's proposed tax cuts for the rich will not stimulate growth, just as the Bush tax cuts did not stimulate growth (because taxes on the wealthy are not actually stifling growth -- what is stifling growth is the lack of middle-class spending power). The tax cut will, however, increase the deficit and accelerate the growth of federal debt. President Trump will blame this on Congress and the Obama administration.
Finally:
Personally, I hope most of this doesn't happen. I hope that President Trump would be the president that some of his smarter supporters expect him to be -- not the mean, petty, reckless, and uninformed proto-tyrant he sounds like, but a reasonable, effective pragmatist who just enjoys entertaining crowds by saying outrageous and offensive things and otherwise acting like a boor.
But given how consistent Trump has been in his actions and pronouncements over the past 18 months, I think it's more likely that what we've seen is what we would get.
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