#特朗普税改

Trump Tax Reform refers to the Tax Cuts and Jobs Act passed in 2017. This tax reform is one of the core elements of the Trump administration's economic policy, aimed at reducing individual and corporate income tax rates to stimulate economic growth. The corporate tax rate was significantly reduced from 35% to 21%, encouraging capital repatriation and business investment. At the same time, the standard deduction for personal income tax was doubled, benefiting some middle-class families, but the tax cuts were more pronounced for high-income groups. In the initial stages, the tax reform did indeed promote corporate profits and a rise in the stock market, but it also raised concerns about the widening fiscal deficit. Overall, the Trump Tax Reform had a positive impact on short-term economic vitality, but there are still debates about its long-term effects and fairness.