The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, aimed to stimulate economic growth by reducing taxes for individuals and businesses. The legislation lowered the corporate tax rate from 35% to 21% and adjusted individual tax brackets, providing temporary relief for many taxpayers. Supporters argue that it increased job creation, raised wages, and encouraged business investment. Critics claim that it disproportionately benefited the wealthy and significantly increased the national deficit.