#TrumpTaxCuts

The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, continue to spark debate even years after being signed into law. Supporters argue that the tax cuts boosted economic growth, encouraged business investment, and led to record-low unemployment before the pandemic hit. Corporations received significant tax reductions, dropping the corporate rate from 35% to 21%, and individuals saw lower rates across most income brackets. Critics, however, claim that the benefits favored the wealthy and increased the national deficit. As the economy shifts and new administrations consider policy changes, the legacy of the #TrumpTaxCuts remains a central topic in discussions about fiscal responsibility, wealth inequality, and economic strategy. The true long-term impact is still unfolding.