#TrumpTaxCuts Here’s a 100-word summary of the **Trump Tax Cuts (2017 Tax Cuts and Jobs Act)**:

The **Tax Cuts and Jobs Act (TCJA)**, signed by President Trump in 2017, was the largest tax overhaul in decades. It **cut corporate taxes** from 35% to 21% and reduced individual income tax rates, doubling the standard deduction. Supporters argued it boosted economic growth, jobs, and investment, while critics said it **mostly benefited corporations and the wealthy**, increasing the national deficit by nearly **$2 trillion**. Some middle-class families saw temporary tax relief, but many provisions (like individual cuts) expire after 2025. The law also limited state and local tax (SALT) deductions, impacting high-tax states. Its long-term economic effects remain debated.

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