#TrumpTaxCuts The Trump Tax Cuts, formally known as the Tax Cuts and Jobs Act (TCJA) of 2017, marked one of the largest tax overhauls in U.S. history. Signed by former President Donald Trump, the law slashed corporate tax rates from 35% to 21% and temporarily reduced individual tax rates across most income brackets. Proponents argued that the cuts stimulated economic growth, increased business investments, and boosted job creation. Critics, however, claimed it widened the federal deficit and disproportionately benefited corporations and the wealthy. With many individual cuts set to expire in 2025, debates are heating up over whether to extend or revise them. The 2024 election cycle has reignited discussions on the future of Trump's tax policies, as candidates outline their visions for America's fiscal direction. For investors, businesses, and households, understanding the legacy and potential renewal of the Trump Tax Cuts is crucial for future planning.