#TrumpTaxCuts

The Trump tax cuts, officially known as the Tax Cuts and Jobs Act of 2017, aimed to boost economic growth by lowering taxes for individuals and businesses. The law reduced the corporate tax rate from 35% to 21% and adjusted income tax brackets for individuals, resulting in lower rates for many Americans. Supporters argue the cuts stimulated business investment, job creation, and wage growth. Critics claim they disproportionately benefited the wealthy and increased the federal deficit. Regardless of perspective, the Trump tax cuts have had a lasting impact on the U.S. economy and continue to influence policy debates today.