In 2017, under President Donald Trump, the United States implemented major tax changes officially known as the Tax Cuts and Jobs Act (TCJA). These reforms were aimed at improving the country's economy and attracting investments, but they sparked considerable controversy.

The main change was the reduction of the corporate tax rate from 35% to 21%. This was done to make American companies more competitive in the global market and encourage them to invest more in development. Additionally, tax rates for individuals were lowered. Furthermore, the standard deduction was significantly increased, allowing millions of Americans to pay less in taxes.

One of the most notable effects of the reforms was that many companies began using the money they saved to increase their investments, which supporters of the reforms argue led to economic growth and a decrease in unemployment. Critics say that the tax benefits primarily went to wealthy Americans and large corporations, while the federal debt significantly increased due to these reforms.

Regardless, tax reforms