#TrumpTaxCuts:

The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, were a major overhaul of the U.S. tax system under President Donald Trump. The law lowered the corporate tax rate from 35% to 21%, aimed to boost economic growth, and offered temporary tax relief for individuals. Supporters argued it stimulated investment, job creation, and wage growth. Critics, however, said it favored the wealthy and increased the national deficit. While businesses benefited greatly, individual benefits were set to expire after 2025. The Trump administration touted the cuts as a signature economic achievement during his presidency.