#TrumpTaxCuts The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, marked a significant overhaul of the U.S. tax system. Signed into law by President Donald Trump, it lowered the corporate tax rate from 35% to 21% and reduced individual tax rates across several income brackets. Proponents argued it would stimulate economic growth, increase wages, and boost job creation. Critics, however, contended that the benefits mainly favored corporations and the wealthy, contributing to a higher national deficit. Its long-term effects on economic inequality and federal revenue remain subjects of debate among economists