#TrumpTaxCuts

The #TrumpTaxCuts, enacted in 2017, significantly reduced corporate tax rates and provided temporary relief for individuals. Supporters argue the cuts spurred economic growth, boosted job creation, and increased take-home pay. Critics, however, claim the benefits disproportionately favored the wealthy and added trillions to the national debt. While businesses saw long-term tax breaks, most individual cuts are set to expire by 2025. The debate continues over whether these cuts truly helped the middle class or widened income inequality. As the expiration date nears, policymakers must decide whether to extend, revise, or repeal key provisions of the tax reform. #Economy #TaxReform