#TrumpTaxCuts

The #TrumpTaxCuts, signed into law in 2017, marked one of the largest overhauls of the U.S. tax system in decades. Officially called the Tax Cuts and Jobs Act, it reduced corporate tax rates from 35% to 21% and adjusted individual income tax brackets. Supporters argue it spurred economic growth, job creation, and increased wages. Critics, however, claim the benefits largely favored corporations and the wealthy, contributing to a growing federal deficit. As debates continue, the long-term impacts of the Trump tax cuts remain a major talking point in U.S. fiscal policy discussions.