#TrumpTaxCuts refers to the Tax Cuts and Jobs Act (TCJA) signed into law by former President Donald Trump in December 2017. This legislation aimed to lower tax rates for individuals and corporations, stimulate economic growth, and simplify the tax code. Supporters argue that the tax cuts boosted the economy, created jobs, and increased wages. Critics claim they mainly benefited the wealthy and added to the national deficit. The law included provisions like doubling the standard deduction and reducing corporate tax rates from 35% to 21%. The impact of #TrumpTaxCuts continues to be a major topic of political debate. #Economy #TaxReform #JobsGrowth #Politics