The tax cuts implemented by former U.S. President Donald Trump in 2017 sparked significant controversy among economists and politicians. While some see it as a bold move to boost economic growth and stimulate investment, others argue that it exacerbates the gap between the rich and the poor.

By reducing tax rates on corporations and individuals, these cuts aim to increase consumer and investment spending, leading to faster economic growth. However, critics argue that this policy increases the federal deficit and exacerbates economic inequality.