#TrumpTaxCuts Opinions on Trump's tax cuts (Tax Cuts and Jobs Act 2017) are divided. Supporters, such as the Republican Party, claim that these cuts stimulate economic growth, increase household income, and create jobs, with data showing federal tax revenue reaching a record $4.9 trillion in 2022. However, critics, including the Democratic Party, argue that these cuts benefit the wealthy and corporations more, add $1.9 trillion to the budget deficit, and fail to provide significant benefits to the middle class. Proposed rates to offset the tax cuts have also been criticized for potentially raising the prices of goods and burdening the lower class.