#特朗普税改 Trump's Tax Reform: Impact and Controversy

On December 2, 2017, the U.S. Senate passed Trump's tax reform bill, the largest tax reform since the Reagan administration. This tax reform aims to simplify the tax code, significantly reducing the corporate tax rate from 35% to 20%, simplifying the individual income tax brackets, and changing from worldwide taxation to territorial taxation.

Supporters argue that it will encourage business investment, stimulate consumer spending, enhance the global competitiveness of U.S. companies, attract overseas profits back to the U.S., and create more jobs. However, opponents question that while the tax reform may stimulate the economy in the short term, it could lead to a surge in the fiscal deficit. Estimates suggest that it may increase the U.S. budget deficit by $1.5 trillion over the next decade and could trigger a global tax competition, impacting the international economic order.

Trump's tax reform is a complex economic policy, and its long-term effects and impact on the global economy remain to be seen.