#TrumpTaxCuts refers to the Tax Cuts and Jobs Act signed by former President Donald Trump in 2017. This law significantly reduced the corporate tax rate from 35% to 21%, while also cutting personal income taxes for many groups. Supporters argue that it promotes economic growth, investment, and jobs. However, critics point out that the benefits mainly accrue to the wealthy and large corporations, while increasing the federal budget deficit. This policy remains a controversial topic in American politics.

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