#TrumpTaxCuts

Positives:

Companies get big tax cuts: Corporate tax rate drops from 35% to 21%. This boosts corporate profits and stock prices rise.

Short-term stimulus: Many people receive tax cuts, so consumption rises temporarily.

Repatriation of foreign money: Companies like Apple bring back large amounts of funds from outside the US due to lighter rates.

Negatives:

Federal deficit rises sharply: The government loses trillions of dollars in revenue.

Benefits mostly go to the wealthy and corporations: The lower middle class gets little, and their tax cuts are set to expire (unless extended).

Long-term growth is not significant: Many studies say the impact on GDP is only temporary.