#TrumpTaxCuts The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, aimed to stimulate economic growth by lowering taxes for individuals and corporations. The legislation reduced the corporate tax rate from 35% to 21% and adjusted individual tax brackets, providing temporary relief for many taxpayers. Supporters argue it boosted job creation, increased wages, and encouraged business investment. Critics claim it disproportionately benefited the wealthy and added significantly to the national deficit. While the cuts provided short-term economic growth, the long-term effects remain debated. Some provisions for individuals are set to expire in 2025, making future tax policy a key issue in upcoming political debates.