#TrumpTaxCuts

The Tax Cuts and Jobs Act (TCJA), signed into law by President Trump in 2017, aimed to stimulate economic growth by reducing corporate and individual tax rates.

Key provisions included lowering the corporate tax rate from 35% to 21% and adjusting individual tax brackets.

Proponents argue that the TCJA spurred investment, job creation, and wage growth, while critics contend that its benefits disproportionately favored corporations and high-income individuals.

As the TCJA's provisions sunset or are revised, policymakers will need to assess its long-term impact on the economy and consider potential future tax reforms to balance growth and equity.