#TrumpTaxCuts Overview: The Trump Tax Cuts refer to the Tax Cuts and Jobs Act (TCJA) signed into law in December 2017.

Corporate Tax: Cut the corporate income tax rate from 35% to 21%, aiming to boost business investment and job creation.

Individual Impact: Lowered income tax rates across brackets, doubled the standard deduction, and increased the child tax credit.

Small Businesses: Introduced a 20% deduction for qualified business income for pass-through entities like LLCs and sole proprietorships.

Economic Goals: Promoted as a way to stimulate economic growth, increase wages, and reduce unemployment.

Deficits and Debt: Critics argue the cuts heavily increased the federal deficit, adding about $1.9 trillion to the national debt over a decade.

Temporary Measures: Most individual tax cuts are set to expire after 2025, while corporate cuts are permanent.

Public Opinion: Remains divisive, with strong support from conservatives and skepticism from many economists and Democrats.

Would you like a short chart or timeline of its major effects too?