#TrumpTaxCuts

The Trump Tax Cuts, formally known as the Tax Cuts and Jobs Act (TCJA) of 2017, marked one of the most significant overhauls of the U.S. tax code in decades. Aimed at stimulating economic growth, the law lowered the corporate tax rate from 35% to 21% and provided temporary tax relief for individuals and families. Proponents argue the cuts spurred investment, job creation, and wage growth, especially in the short term.

However, critics highlight that much of the corporate savings went toward stock buybacks rather than expanded hiring. They also point to the sharp rise in the national deficit, with the Congressional Budget Office estimating a $1.9 trillion increase over ten years due to the law. While middle-class taxpayers saw modest relief, many of the individual provisions are set to expire by 2025, potentially impacting millions unless renewed.

As debate reignites ahead of the expiration, the Trump Tax Cuts remain a central issue in discussions about fairness, economic strategy, and fiscal responsibility in the U.S. tax system.