#TrumpTaxCuts The Trump tax cuts, officially the Tax Cuts and Jobs Act of 2017, significantly altered the U.S. tax code. Key features included a reduction in the corporate tax rate from 35% to 21%, aiming to stimulate business investment. Individual income tax rates were also lowered across most brackets, though these cuts are set to expire in 2025.

Debate persists regarding the cuts' economic impact. Supporters cite increased economic growth and job creation, while critics argue they primarily benefited wealthy individuals and corporations, exacerbating income inequality and increasing the national debt. The long-term effects remain a subject of ongoing economic analysis.