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**Trump Tax Cuts:

The Trump Tax Cuts, officially the Tax Cuts and Jobs Act of 2017, slashed corporate tax rates from 35% to 21% and reduced individual income tax rates across most brackets. Proponents claimed it spurred economic growth, job creation, and increased take-home pay. Critics argued it disproportionately benefited the wealthy and added $1.9 trillion to the deficit over a decade, per the Congressional Budget Office. Small businesses saw temporary deductions, but many expired by 2025. The debate continues over whether the cuts fueled prosperity or widened inequality, with both sides citing selective data to support their views.