#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 cornerstones 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 individual income tax was doubled, benefiting some middle-class individuals, but the tax cuts were more pronounced for high-income groups. Initially, the tax reform did promote corporate profits and stock market gains, 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 its long-term effects and fairness remain controversial.