#TrumpTaxCuts fundamentally reshaped the economic landscape for millions of Americans. Enacted in 2017, the Tax Cuts and Jobs Act aimed to stimulate growth by lowering corporate tax rates and adjusting individual brackets. Many businesses reported higher profits, leading to bonuses, wage increases, and new investments. Supporters argue that the cuts spurred one of the strongest economies in decades, helping unemployment reach historic lows before the pandemic. Critics, however, claim that the benefits were disproportionately felt by the wealthy and added significantly to the national deficit. Regardless of the perspective, the impact of these tax cuts continues to fuel political and economic debates across the nation.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.