#TrumpTaxCuts
The 2017 Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA), significantly altered the US tax code. Key provisions included lowering the corporate tax rate from 35% to 21% and adjusting individual tax brackets.
The TCJA aimed to boost economic growth, enhance competitiveness, and provide relief to individuals and businesses. Its impact has been subject to various analyses, with proponents arguing it contributed to a strong economy and increased business investment.
Critics, however, point to potential drawbacks, including increased income inequality and a rise in the national debt. The TCJA's long-term effects will continue to be evaluated as its provisions evolve.