#TrumpTaxCuts

Refers to a series of tax modifications that were enacted in the United States during Donald Trump's presidency in 2017, known as the Tax Cuts and Jobs Act. The main objective of these modifications was to reduce tax rates for corporations and individuals to stimulate economic growth. The corporate tax rate was reduced from 35% to 21%, aiming to increase investments and growth. Individual tax rates were also adjusted, with changes to standard tax deductions. These cuts sparked controversy, as some viewed them as a stimulus for the economy, while others criticized them as increasing the financial deficit and benefiting

large corporations.