#TrumpTaxCuts
📢 What do you know about TrumpTaxCuts?
In 2017, former U.S. President Donald Trump signed one of the largest tax cut laws in U.S. history:
Tax Cuts and Jobs Act.
💥 Key features of Trump's tax cuts:
Reduced the corporate tax rate from 35% to 21%.
Lowered taxes for individuals in most tax brackets.
Increased standard deductions for taxpayers.
Encouraged companies to repatriate their profits from abroad back to America.
Promoted investment and created new job opportunities.
🎯 Main objective:
To drive economic growth, support businesses, and reduce the tax burden on citizens.
⚡ But!
Despite the rapid economic successes that followed, there is widespread debate about the impact of these cuts on the budget deficit and increasing public debt.
