#TrumpTaxCuts The #TrumpTaxCuts, enacted through the Tax Cuts and Jobs Act of 2017, significantly reduced corporate tax rates from 35% to 21% and provided temporary tax relief for individuals, aiming to stimulate economic growth and investment. Supporters argue the cuts boosted job creation and stock market performance, while critics contend they disproportionately benefited the wealthy and increased the national deficit. As key provisions are set to expire in 2025, the future of these tax cuts has become a major topic in ongoing political and economic debates.