#TrumpTaxCuts The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, aimed to boost the U.S. economy by reducing corporate and individual tax rates. The corporate tax rate was slashed from 35% to 21%, encouraging businesses to invest more domestically. For individuals, tax brackets were adjusted, and standard deductions were doubled. Supporters argue that the cuts stimulated economic growth, increased wages, and reduced unemployment. Critics, however, claim the benefits favored the wealthy and increased the national deficit. The long-term effects of the #TrumpTaxCuts continue to be a debated topic in American economic and political discussions.