#TrumpTaxCuts The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act of 2017, were a significant overhaul of the U.S. tax code. They aimed to stimulate economic growth by reducing corporate tax rates from 35% to 21% and providing temporary tax cuts for individuals. Proponents argue that these cuts boosted business investments and job creation, while critics claim they disproportionately benefited the wealthy and increased the national deficit. The long-term effects remain a topic of debate, with discussions focusing on their impact on income inequality and fiscal sustainability.