#TrumpTaxCuts Corporate side: The permanent cut to 21% made U.S. corporate taxes more competitive globally, but it also led to a spike in stock buybacks rather than major increases in wages or investment, which critics argue muted broader economic benefits.

Individual side: While most people saw tax cuts initially, the design of the law (especially the cap on SALT deductions) hurt some higher-income households in high-tax states. Plus, because many of the individual cuts expire after 2025, taxes could rise again for many unless Congress acts.

Deficit: Estimates, including from the Congressional Budget Office (CBO), show the TCJA added about $1.5 trillion to the federal debt over 10 years, even when accounting for some increased growth.