#TrumpTaxCuts

The tax cut policy during President Trump's administration, known as the "Trump Tax Cuts", has sparked intense debate. On one hand, the reduction of the corporate tax rate from 35% to 21% has boosted economic growth, encouraged investment, and helped bring the unemployment rate to a record low before the pandemic. However, on the other hand, many experts argue that the benefits primarily concentrated among the wealthy and large corporations, while the national budget deficit has significantly increased. The long-term impacts of the Trump Tax Cuts remain contentious: does it truly stimulate sustainable growth or merely create a short-term effect, accompanied by substantial financial risks for the future? Whether the new administration continues to maintain, modify, or eliminate this policy will undoubtedly have widespread implications for the U.S. economy.