#TrumpTaxCuts Trump's PolicyTax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA) 2017, aimed to stimulate economic growth through cuts in corporate and individual taxes. The corporate tax rate was reduced from 35% to 21%, while cuts for individuals increased after-tax income for many American families. Although initially encouraging investment and short-term GDP growth, critics argue that this policy widened the federal budget deficit and income inequality. Its long-term impact is still debated, especially leading up to the next presidential election, when taxes become a major issue again.