#TrumpTaxCuts

The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, brought sweeping changes to the U.S. tax system. Corporate tax rates were slashed from 35% to 21%, aiming to boost economic growth and attract investment. Individuals also saw lower income tax rates and an increased standard deduction. Supporters argue the cuts spurred job creation, wage growth, and stock market gains. Critics, however, point to increased federal deficits and claim most benefits went to corporations and the wealthy. As key provisions near expiration in 2025, the future of the Trump Tax Cuts remains a hot topic for both policymakers and voters.