#TrumpTaxCuts

The #TrumpTaxCuts, enacted in 2017, significantly altered the U.S. tax landscape. Proponents argued they would stimulate economic growth, leading to increased investment and job creation. Critics countered that the cuts primarily benefited corporations and the wealthy, exacerbating income inequality. The legislation reduced corporate tax rates and offered temporary individual tax cuts. Debates continue regarding its long-term impact on the national debt, economic growth, and wealth distribution. Some studies suggest a modest short-term boost, while others highlight the growing deficit. The cuts remain a point of contention in economic policy discussions.