#TrumpTaxCuts The #TrumpTaxCuts, passed in 2017, marked one of the largest overhauls of the U.S. tax code in decades. Supporters praised the cuts for reducing corporate tax rates from 35% to 21%, aiming to boost business investment and economic growth. Many individuals also saw lower tax rates, though critics argued the benefits favored the wealthy and added significantly to the national deficit. Proponents claimed the policy led to wage increases and a strong economy before the 2020 pandemic, while opponents warned of long-term fiscal challenges. The debate over the #TrumpTaxCuts continues to influence political discussions and future tax policy proposals.