#TrumpTaxCuts

The #TrumpTaxCuts, formally known as the Tax Cuts and Jobs Act of 2017, significantly altered the U.S. tax code. Key features included substantial reductions in corporate income tax rates, and changes to individual income tax brackets.

Supporters argued these cuts would stimulate economic growth by encouraging business investment and job creation. Critics, however, expressed concerns about the impact on the national debt and the disproportionate benefits for wealthy individuals and corporations.

The debate continues regarding the long-term economic effects of these tax cuts, with discussions focusing on their influence on economic growth, income inequality, and the federal deficit.