#TrumpTaxCuts The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, made sweeping changes to the U.S. tax code. It reduced the corporate tax rate from 35% to 21%, aiming to boost business investment and economic growth. Individual income tax rates were also lowered, with adjustments to standard deductions and child tax credits. Critics argue the cuts disproportionately favored the wealthy and increased the national deficit, while supporters claim they stimulated job creation and higher wages. Understanding the long-term impact of these cuts is crucial as future administrations debate whether to extend or repeal them. #TrumpTaxCuts