#TrumpTaxCuts The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, marked a major overhaul of the U.S. tax system. Championed by President Donald Trump, the law lowered corporate tax rates from 35% to 21% and reduced individual income tax rates for many Americans. Supporters argued it spurred economic growth, boosted job creation, and increased take-home pay. Critics, however, contended that the benefits favored corporations and the wealthy, while ballooning the national