#TrumpTaxCuts refers to the Tax Cuts and Jobs Act (TCJA) signed into law by President Donald Trump in 2017. The tax reform aimed to boost economic growth by reducing corporate and individual tax rates. Proponents argue it spurred investment, job creation and wage growth. Critics contend it disproportionately benefited wealthy individuals and corporations, increasing income inequality and adding to the national debt. The TCJA's impact is debated among economists and policymakers. Some argue it achieved its goals, while others believe its benefits were unevenly distributed. The law's effects on the economy and different demographics continue to be studied and discussed.
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