#TrumpTaxCuts refers to the tax cuts implemented under the administration of former United States President Donald Trump, particularly through the Tax Cuts and Jobs Act of 2017. This legislation represented one of the largest changes in the U.S. tax system in decades. Its main objective was to stimulate economic growth by reducing taxes for businesses, small enterprises, and, to a lesser extent, individuals. Among its notable features are the reduction of the corporate tax rate from 35% to 21% and changes in income tax rates.
Supporters of the TrumpTaxCuts argue that they spurred investment, increased wages, and strengthened the labor market. However, critics contend that the benefits mainly favored large corporations and the wealthiest segments of the population, while increasing the federal deficit. Additionally, some analyses suggest that their impact on long-term economic growth was limited. On social media, the hashtag TrumpTaxCuts is often used both to support and to criticize these policies, becoming a symbol of the broader debate about tax fairness, economic growth, and inequality in the United States.