#TrumpTaxCuts

The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, were one of the biggest changes to the U.S. tax system in decades. The main goal was to boost the economy by reducing corporate tax rates and giving individuals more take-home pay. Businesses benefited the most, with corporate tax rates dropping from 35% to 21%.

For ordinary Americans, the tax brackets were adjusted, standard deductions were doubled, and some tax credits expanded. However, critics argue that while the wealthy and corporations gained significantly, middle- and lower-income groups saw only modest benefits. Some provisions, like individual tax cuts, are set to expire after 2025.

The Trump Tax Cuts remain a heated topic, especially as debates about wealth inequality and federal debt continue. Whether you view them as a success or a missed opportunity, there’s no doubt they reshaped the American economy and tax policy for years to come.