#TrumpTaxCuts

It looks like you’re bringing up Trump's tax cuts — officially called the Tax Cuts and Jobs Act (TCJA), signed into law in December 2017.

Here’s a quick breakdown:

Individual tax rates: Most income tax brackets were lowered. For example, the top rate dropped from 39.6% to 37%.

Corporate taxes: Huge change — the corporate tax rate was cut from 35% to 21%, permanently.

Standard deduction: Nearly doubled, making it simpler for many people to file without itemizing.

Child tax credit: Increased from $1,000 to $2,000 per child.

State and local tax (SALT) deductions: Capped at $10,000, hitting high-tax states hard.

Pass-through businesses: Introduced a 20% deduction for many small businesses and partnerships.

Estate tax: Exemption levels roughly doubled, protecting more wealth from inheritance taxes.

Impact:

Big benefits for corporations and wealthier individuals.

Some middle-class families got tax cuts, but many saw smaller benefits.

Increased the federal deficit by around $1–2 trillion over 10 years, according to CBO estimates.

Most individual cuts are set to expire after 2025, while corporate cuts are permanent.

Are you asking for a deeper analysis, pros/cons, or the political/economic effects?