#TrumpTaxCuts

The "Trump Tax Cuts," formally known as the Tax Cuts and Jobs Act of 2017, significantly altered the U.S. tax code. Key features included substantial reductions in corporate income tax rates and changes to individual income tax brackets. Proponents argued these cuts would stimulate economic growth, leading to increased investment and job creation. Conversely, critics expressed concerns about the impact on the national debt and the disproportionate benefits for high-income earners. The effects of the tax cuts have been a subject of ongoing debate, with varying analyses of their influence on economic indicators and income distribution. The expiration of certain provisions is also a topic of political discusion.