#TrumpTaxCuts The term #TrumpTaxCuts refers to the Tax Cuts and Jobs Act, enacted by former President Donald Trump in December 2017. This tax reform represented one of the most significant changes to the United States tax system in decades. Among its main measures are the reduction of the corporate tax rate from 35% to 21%, cuts in individual taxes, and an increase in standard deductions. Supporters of the Trump Tax Cuts argue that they spurred economic growth, incentivized business investment, and reduced unemployment before the pandemic. However, critics point out that the benefits were concentrated mainly among the wealthiest and large corporations, increasing the long-term fiscal deficit. Additionally, many individual cuts were designed to expire in 2025, creating uncertainty about their future effects. The debate over the actual impact of the Trump Tax Cuts remains ongoing, especially in the context of new tax reform proposals.