#TrumpTaxCuts #TrumpTaxCuts refer to the Tax Cuts and Jobs Act (TCJA) of 2017, introduced under President Donald Trump. This law lowered corporate tax rates from 35% to 21%, adjusted individual tax brackets, doubled the standard deduction, and limited deductions like those for state and local taxes. Supporters argue the cuts boosted the economy, raised wages, and created jobs. Critics, however, claim they mainly benefited the wealthy and corporations while significantly increasing the national debt. As key provisions are set to expire, debates continue over their long-term impact on economic growth, income inequality, and federal government finances.