#TrumpTaxCuts

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The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, brought sweeping changes to the U.S. tax code. Key highlights included lower corporate tax rates, reduced individual tax brackets, and a higher standard deduction. Supporters argue these cuts spurred economic growth, boosted investment, and put more money in Americans' pockets. Critics, however, claim the benefits largely favored corporations and the wealthy, while adding significantly to the national debt. As debates continue into 2025, the future of these tax cuts is a major political issue, with potential extensions or revisions on the horizon. How these changes evolve could shape the economy — and your wallet — for years to come.

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