#TrumpTaxCuts

The #TrumpTaxCuts, passed in 2017, reshaped America's economy by lowering corporate tax rates from 35% to 21% and providing tax relief to millions of Americans. Supporters argue the cuts spurred economic growth, created jobs, and boosted investments. Critics, however, claim the benefits mainly favored corporations and the wealthy, increasing the national deficit. Small businesses also gained with a 20% deduction on qualified income, helping entrepreneurs expand operations. For working families, the doubled standard deduction and increased child tax credit offered meaningful savings. While debates continue about their long-term impact, the #TrumpTaxCuts remain a defining element of Trump's economic legacy, influencing discussions on taxation, equity, and fiscal responsibility even years later.