#TrumpTaxCuts

The phrase #TrumpTaxCuts refers to the tax cuts enacted by former U.S. President Donald Trump in 2017 through the "Tax Cuts and Jobs Act". This policy aimed to stimulate economic growth by reducing taxes on corporations and individuals. The most notable changes included lowering the corporate tax rate from 35% to 21%, which attracted investments and contributed to increased corporate profits. For individuals, taxes on the middle class were reduced, but the impact of the benefits varied by income. Supporters of the cuts viewed them as a driver of growth and job opportunities, while opponents argued that they increased the federal deficit and benefited the wealthy more than other groups. To this day, #TrumpTaxCuts remains a hot topic in economic and political discussions.