#TrumpTaxCuts
#TrumpTaxCuts refers to the tax cuts enacted by former U.S. President Donald Trump in 2017 through the "Tax Cuts and Jobs Act." This policy aimed to reduce corporate taxes from 35% to 21% and lower individual taxes to stimulate economic growth.
Supporters argued that it revived the economy and increased employment, while critics contended that it exacerbated the budget deficit and increased inequality between the rich and the poor.
The cuts also affected estate taxes and personal income taxes, but they were temporary for individuals and permanent for corporations, leading to widespread debate within the United States.
