#TrumpTaxCuts The #TrumpTaxCuts, officially the Tax Cuts and Jobs Act of 2017, significantly altered the U.S. tax code. Key changes included reducing the corporate tax rate from 35% to 21%, and temporary reductions in individual income tax rates.

Supporters argued that these reductions would stimulate economic growth by encouraging business investment and job creation. However, critics expressed concerns about the increase in national debt and the disproportionate benefits for wealthy individuals and corporations.

The debate continues over the long-term economic impacts of the #TrumpTaxCuts, especially as some individual tax reductions are scheduled to expire in 2025.