Donald Trump’s Economic Policies: Easing Tax Burdens & Boosting Growth
Former President Donald Trump’s economic policies, particularly his tax reforms, were aimed at reducing the burden on businesses and individuals. The hallmark of his administration's tax policy was the Tax Cuts and Jobs Act of 2017, which lowered corporate tax rates, reduced taxes for individuals, and sought to stimulate economic growth. Trump's emphasis on tax relief was designed to spur job creation, increase wages, and attract investment to the U.S. economy.
While his critics argue the tax cuts disproportionately benefited the wealthy and increased the national deficit, Trump maintained that these measures were necessary for unleashing America’s economic potential and promoting long-term prosperity. His policies also included deregulation, trade reforms, and incentives for U.S. companies to bring manufacturing jobs back home.
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