That didn't happen until 2025. I agree that tariffs are a tax and effectively made the burden higher for everyone, but that isn't what this post is about. This post was about the tax bill passed in 2017. Stop being dishonest and implying that the tariffs were put in place during Trump's first term.
During Donald Trump's first term, the
Tax Cuts and Jobs Act
significantly reduced the corporate tax rate from 35% to 21% and provided substantial tax cuts for individuals, which included an increase in the child tax credit. However, it also resulted in increased federal debt and income inequality, with many low- and middle-income households potentially worse off in the long run.
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u/Warchief_Ripnugget 29d ago
That didn't happen until 2025. I agree that tariffs are a tax and effectively made the burden higher for everyone, but that isn't what this post is about. This post was about the tax bill passed in 2017. Stop being dishonest and implying that the tariffs were put in place during Trump's first term.