#TrumpTaxCuts The tax cuts of the Trump administration, known as "Trump Tax Cuts", left a significant mark on the U.S. economy. The Tax Cuts and Jobs Act of 2017 reduced the corporate tax rate from 35% to 21%, aiming to encourage business investment and job creation. It also introduced temporary benefits for individuals, such as the doubling of the child tax credit and tax rate reductions in various income brackets. However, these measures increased the fiscal deficit, generating debates about their long-term sustainability. While some argue that the cuts spurred economic growth, others criticize that the largest benefits favored corporations and the wealthiest. This topic remains central in discussions about fiscal policy, reflecting the tensions between economic growth and tax equity in the United States.