#TrumpTaxCuts The Impact of Trump’s Tax Cuts**

The **Trump tax cuts**, officially known as the **Tax Cuts and Jobs Act (TCJA) of 2017**, significantly reduced corporate and individual tax rates. Supporters argue they boosted economic growth, increased business investments, and created jobs. Critics, however, claim they disproportionately benefited the wealthy and added trillions to the national debt.

Key provisions included slashing the **corporate tax rate from 35% to 21%** and lowering individual income taxes, though many middle-class benefits expire by **2025**. While stock markets and business profits soared, wage growth for average workers remained modest.

With debates ongoing, the long-term effects remain uncertain. Will Congress extend the cuts, or will future reforms shift the tax burden? **#TrumpTaxCuts #Economy #TaxReform**