#TrumpTaxCuts

The tax reform initiated by the administration of Donald Trump in 2017 became one of the most significant in recent decades. Key points:

Reduction of corporate tax: the rate fell from 35% to 21%, making the U.S. more attractive for business.

Reduction of taxes for individuals: temporary relief for most categories of taxpayers, especially for the middle class.

Increase in the standard tax deduction: simplification of filing for millions of Americans.

Elimination of the individual mandate of the ACA: no longer required to pay a penalty for not having health insurance.

Criticism of the reform: some economists argue that the lion's share of the benefits went to corporations and the wealthiest citizens, while the federal budget deficit increased.

Today, the question of extending or revising these measures is being actively discussed again, as some provisions expire in 2025.