#TrumpTaxCuts Impact on the population: Who benefits and who loses?

Introduction:

The tax cuts implemented during Donald Trump's administration sparked an intense debate about their effects on the U.S. economy and, in particular, their impact on different groups within the population. This article analyzes the consequences of these fiscal policies on various socioeconomic sectors.

Effects on different income groups:

* Middle-income families: Some analyses suggest that middle-income families may have seen an increase in their disposable income due to the reductions in income tax rates. However, this benefit could be offset by other economic factors, such as rising prices due to trade tariffs.

* Low-income households: There is concern that low-income households may be negatively affected by the tax cuts, as they may not benefit as much from the reductions in tax rates and, at the same time, could be harmed by trade tariffs that increase the cost of consumer goods. Univision

* High-income individuals: Tax cuts generally benefit high-income individuals more, as the reductions in tax rates have a greater impact on their income.

Impact on employment and the economy:

* Job growth: It was argued that tax cuts would boost business investment and, therefore, job growth. However, the actual impact on employment is a topic of debate.

* Fiscal deficit: One of the main concerns regarding tax cuts is their impact on the fiscal deficit. Some reports suggest that these policies may have contributed to a significant increase in the deficit.