#TrumptaxCuts In 2017, President Donald Trump signed the Tax Cuts and Jobs Act, marking the largest tax reform in the U.S. in decades. It reduced the corporate tax rate from 35% to 21%, aiming to boost business investment and economic growth. For individuals, it lowered income tax rates, doubled the standard deduction, and limited certain deductions such as state and local taxes (SALT). Critics argued that it favored the wealthy and increased the federal deficit. Supporters claimed it stimulated job creation and wage growth. Most individual tax cuts are set to expire in 2025, while corporate tax cuts are permanent.📍🙏👀