#TrumpTaxCuts #TrumpTaxCuts — A significant tax reform adopted by the USA in 2017. This reform reduced the corporate income tax rate from 35% to 21%. The Donald Trump administration introduced this to stimulate economic growth and increase job creation. Additionally, tax rates for individuals were lowered, and some deductions were revised. Supporters argue that this step created conditions for businesses to invest, increase production, and raise wages. Critics, however, believe that this measure primarily benefited the wealthy and large corporations. Furthermore, the national debt has also increased. Overall, #TrumpTaxCuts is considered one of the historical reforms that had a long-term impact on the US economy.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.