#TrumpTaxCuts officially known as the Tax Cuts and Jobs Act of 2017, were a major change to U.S. tax policy. They reduced corporate tax rates from 35% to 21%, aiming to boost economic growth and create jobs. Many individuals also saw lower tax rates and increased standard deductions. Supporters argue that the cuts helped businesses expand and improved the economy. Critics, however, claim that the benefits mainly favored the wealthy and increased the national debt. Overall, the Trump Tax Cuts remain a highly debated topic in American politics, with long-term effects still being analyzed today.