#TrumpTaxCuts The #TrumpTaxCuts significantly changed the landscape of American taxation. Passed in 2017, these cuts lowered the corporate tax rate from 35% to 21%, aiming to stimulate economic growth and bring jobs back to the U.S. For individuals, the law adjusted tax brackets, increased the standard deduction, and reduced certain itemized deductions. Supporters argue that the tax cuts spurred investment, raised wages, and improved the economy. Critics, however, point out that the benefits heavily favored corporations and the wealthy, and that it contributed to a growing national deficit. As we move forward, it’s important to assess the long-term effects of the #TrumpTaxCuts on economic stability and income equality.