#TrumpTaxCuts

Trump's tax reform, officially known as the Tax Cuts and Jobs Act of 2017, sparked heated debates. Supporters argue that the reduction in corporate taxes stimulated economic growth, led to job creation, and increased wages. Critics, on the other hand, argue that the reform primarily benefited the wealthy and corporations, increased the deficit, and exacerbated income inequality. The impact of tax cuts on the economy remains a subject of dispute among economists, and their long-term consequences are still being analyzed.