#TrumpTaxCuts The **Trump tax cuts**, officially known as the **Tax Cuts and Jobs Act (TCJA)**, were signed into law by President Donald Trump on **December 22, 2017**. The legislation brought sweeping changes to the U.S. tax code, including a reduction in the corporate tax rate from **35% to 21%** and individual income tax cuts, many of which are set to expire after **2025**. Proponents argued the cuts would boost economic growth, while critics claimed they disproportionately benefited corporations and the wealthy. The law also doubled the standard deduction and capped state and local tax (SALT) deductions. Its long-term economic impact remains a topic of debate.