🇺🇸 **Trump's Tax Reforms: Pros or Cons?**
📉 **What Are They?**
The "Trump Tax Cuts" refer to the Tax Cuts and Jobs Act (2017), which reduced:
✔️ **Corporate Tax** from 35% to 21%.
✔️ **Individual Income Tax** by adjusting the brackets.
✔️ **Increased Standard Deduction** for families and individuals.
✨ **Pros:**
- Support for economic growth and rising stock market indicators.
- Reduced tax burden on some segments of the middle class.
- Attracting global investments due to lower corporate tax.
⚠️ **Criticisms:**
- **Unfair**: Greater benefits for the wealthy and large corporations.
- **Increase in U.S. National Debt** by billions of dollars.
- Elimination of certain tax deductions (such as education expenses).
🔮 **Future**: Part of the individual cuts will expire in 2025... Will they be extended or eliminated?
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What do you think? Were these reforms a step to stimulate the economy or costly for the working class? Share with us ✍️🗨️
#TrumpTaxCuts #American_Economy #Taxes