#TrumpTaxCuts

The Tax Cuts and Jobs Act of 2017, signed by former President Donald Trump, sparked widespread controversy. The law promised to stimulate economic growth, create jobs, and increase wages. But did these promises come true?

Key points:

* Corporate tax cuts: The law reduced the corporate tax rate from 35% to 21%.

* Individual tax cuts: Taxes were reduced for most income brackets, with a focus on high-income earners.

* Impact on national debt: The law led to a significant increase in national debt.

* Economic growth: The economy experienced growth in the years following the passage of the law, but it is difficult to determine the direct impact of the tax cuts.

* Wages and job opportunities: The increase in wages and job opportunities was modest compared to the promises made.

* Uneven distribution: High-income earners benefited more from the tax cuts.