#TrumpTaxCuts The Trump Tax Cuts were designed to stimulate economic growth by reducing taxes on businesses and individuals. By lowering the corporate tax rate, the intention was to encourage companies to invest more in the U.S. economy, potentially creating jobs and increasing wages. In practice, the tax cuts led to a short-term boost in economic activity. However, critics argue that the cuts disproportionately benefited high-income earners and corporations, leading to growing income inequality. Additionally, concerns over the long-term fiscal impact have persisted, with rising deficits as a result of reduced tax revenue.