#TrumpTaxCuts TrumpTaxCuts

The 2017 Tax Cuts and Jobs Act, signed into law by President Trump, significantly altered the US tax landscape. The law lowered corporate and individual tax rates, aiming to boost economic growth and investment. Proponents argue it increased business competitiveness and job creation, while critics claim benefits disproportionately favored high-income earners and corporations. The impact on the national debt and long-term economic growth remains debated. As the law's provisions sunset or face potential changes, its legacy and effects on future tax policy will continue to be closely watched. Economic implications are multifaceted.