#TrumpTaxCuts

Understand the Trump Tax Cuts: Impact and Controversies

The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA), were implemented in December 2017 with the aim of stimulating economic growth in the U.S. The law reduced the corporate tax rate from 35% to 21% and also lowered taxes for many individuals, especially in the higher income brackets.

While supporters argue that the cuts spurred investments, increased job numbers, and strengthened American competitiveness, critics claim that the biggest benefits were concentrated among corporations and high-income individuals, in addition to increasing the public deficit.

Many cuts for individuals are set to expire in 2025, which creates uncertainties and debates about the future of American fiscal policy.

The Trump Tax Cuts continue to be a central theme in discussions about economic growth, tax justice, and wealth distribution in the United States.