#TrumpTaxCuts

Donald Trump's tax cuts, particularly the Tax Cuts and Jobs Act (TCJA) signed in 2017, had significant impacts on the US economy. Here are some key points [10]:

- *Corporate Tax Rate*: The TCJA lowered the corporate tax rate from 35% to 21%, aiming to boost business investment and competitiveness.

- *Individual Tax Cuts*: The law also reduced individual tax rates across various income brackets, with the goal of stimulating consumer spending and economic growth.

- *Economic Growth*: Proponents argue that the tax cuts contributed to strong economic growth, low unemployment, and increased business investment during Trump's presidency.

- *Budget Deficits*: Critics point out that the tax cuts significantly increased the US budget deficit, potentially burdening future generations with debt.

The TCJA's effects continue to be debated, with varying perspectives on its impact on the economy, businesses, and individuals.