#TrumptaxCuts Need to Know:
📉 Lower Individual Rates: Top bracket cut from 39.6% → 37%
🏠 Expanded Child Tax Credit: Up to $2,000 per child
🏢 Reduced Corporate Rate: 35% → 21% for businesses
🏦 Pass-Through Deduction: 20% write-off for small business income
🏡 Estate Tax Relief: Lifetime exemption doubled to $11.2M per person
Why It Matters:
1. More Take-Home Pay – Families see bigger paychecks every month.
2. Business Growth – Lower rates free up capital for expansion and hiring.
3. Investment Incentive – Encourages reinvestment in U.S. companies.
4. Economic Stimulus – Puts more money into consumer spending and the market.
My Take:
These cuts provided a boost to both households and corporations, but debates remain on long-term deficits and fairness. While supporters credit them for pre-pandemic growth and low unemployment, critics worry about rising national debt and the sunset of many provisions in 2025.
Questions for You:
• Did you feel the impact of #TrumpTaxCuts in your paycheck or business?
• Should Congress make these cuts permanent, modify them, or let them expire?
• How do you balance growth stimulus with fiscal responsibility?
🔄 Share your perspective below and let’s dive into the discussion!