#TrumpTaxCuts
The #TrumpTaxCuts refer to a series of tax reforms implemented during Donald Trump's presidency, primarily through the Tax Cuts and Jobs Act (TCJA) of 2017. These reforms aimed to stimulate economic growth by lowering corporate tax rates from 35% to 21%, providing tax relief for individuals, and increasing the standard deduction. Supporters argued that the cuts boosted business investments, job creation, and wages. Critics, however, claimed the benefits largely favored corporations and the wealthy, contributing to a growing federal deficit. The long-term effects of the #TrumpTaxCuts remain a topic of debate among economists, policymakers, and the general public.