#TrumpTaxCuts #TrumpTaxCuts

"Trump Tax Cuts" was a major economic law passed during the presidency of Donald Trump in 2017, officially known as the Tax Cuts and Jobs Act (TCJA). The aim of this law was to reduce individual and corporate tax rates to accelerate economic growth. Individual taxpayers received temporary relief, while corporations benefited from permanent tax reductions. The corporate tax rate was lowered from 35% to 21%. Critics labeled it as favorable to the wealthy and large corporations, while supporters argued that it led to increased employment and investment.

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