#TrumpTaxCuts The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, significantly reshaped the American tax landscape. Supporters argue that it spurred economic growth by lowering corporate tax rates from 35% to 21%, encouraging business investment and job creation. Many middle-class families also experienced short-term tax relief, with increased standard deductions and reduced income tax rates. However, critics point out that the benefits largely favored corporations and wealthier individuals, contributing to a growing federal deficit. As debates continue, the long-term effects on income inequality, national debt, and economic stability remain a major focus. Understanding these impacts is essential as we approach future tax reforms. #TrumpTaxCuts