#TrumpTaxCuts The Trump tax cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, were a major overhaul of the U.S. tax code. Signed into law by President Donald Trump, the legislation lowered the corporate tax rate from 35% to 21% and provided temporary tax reductions for individuals. Supporters argued that the cuts stimulated economic growth, boosted investment, and increased worker wages. Critics claimed the benefits largely favored the wealthy and corporations while significantly increasing the national deficit. The TCJA remains a highly debated policy, with discussions about its long-term impact on income inequality and government finances.
