#TrumptaxCuts

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The Trump Tax Cuts: What You Need to Know

#TrumptaxCuts

The Trump-era tax cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, made major changes to the U.S. tax code. They lowered the corporate tax rate from 35% to 21%, nearly doubled the standard deduction for individuals, and introduced new tax brackets for personal income. Supporters say these cuts boosted the economy and created jobs. Critics argue they increased the national debt and mostly benefited the wealthy.

As debates continue over whether to extend or revise them, the #TrumptaxCuts remain a major political flashpoint heading into the next election.