#TrumpTaxCuts

The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, represented one of the most significant overhauls of the U.S. tax code in decades. Aimed at stimulating economic growth, the legislation reduced the corporate tax rate from 35% to 21% and lowered individual income tax rates across most brackets. Proponents argue the cuts spurred job creation, increased business investment, and led to wage growth. Critics, however, contend the benefits primarily favored corporations and the wealthy, contributing to a rising federal deficit. As the 2025 expiration of many TCJA provisions approaches, debates over extending or revising the Trump Tax Cuts have intensified, shaping the future of U.S. fiscal policy.