#TrumpTaxCuts Trump Tax Cuts became one of the most discussed decisions of Donald Trump's administration. The Tax Cuts and Jobs Act, enacted in 2017, significantly reduced tax rates for corporations and partially for individuals. Proponents argue that the reform stimulated economic growth, increased investments, and created new jobs. Critics point out that the main benefits went to large companies and wealthy individuals, while the U.S. budget deficit significantly increased. Debates about its effectiveness continue today, influencing political discussions in 2025.