#TrumpTaxCuts The *Trump Tax Cuts*, enacted through the *Tax Cuts and Jobs Act (TCJA)* of 2017, introduced significant changes to the U.S. tax code. It permanently reduced the corporate tax rate from 35% to 21%, benefiting businesses. For individuals, it lowered most tax brackets and nearly doubled the standard deduction, but these provisions are set to expire in 2025. Critics argue that the cuts disproportionately benefited the wealthy, while supporters claim they boosted economic growth and job creation. The TCJA also introduced a territorial tax system for multinational corporations. As the expiration date approaches, debates continue about its long-term impact on the economy. 🚀