#TrumpTaxCuts

The debate over the extension or modification of the #TrumpTaxCuts is once again heating up as we move closer to key election cycles. Originally passed in 2017, these tax cuts were designed to stimulate economic growth by reducing corporate and individual tax rates. Supporters argue that they helped boost employment, increase wages, and drive record highs in the stock market. Critics, however, contend that the benefits disproportionately favored the wealthy and significantly increased the federal deficit. With parts of the legislation set to expire soon, policymakers are faced with critical decisions. Whether to renew, adjust, or repeal them will likely become a major issue influencing both Wall Street and Main Street alike.