#TrumpTaxCuts The #TrumpTaxCuts, officially the Tax Cuts and Jobs Act of 2017, significantly altered the U.S. tax code. Key changes included lowering the corporate tax rate from 35% to 21%, and temporary reductions in individual income tax rates.

Supporters argued these cuts would stimulate economic growth by encouraging business investment and job creation. Critics, however, expressed concern about the increased national debt and the disproportionate benefits for wealthy individuals and corporations.

The debate continues regarding the long-term economic impacts of the #TrumpTaxCuts, especially as some of the individual tax cuts are set to expire in 2025.