#TrumpTaxCuts The "Trump Tax Cuts" primarily refer to the Tax Cuts and Jobs Act (TCJA) of 2017, enacted during the presidency of Donald Trump. Here's a breakdown of key aspects:
Key Features of the Tax Cuts and Jobs Act (TCJA):
* Corporate Tax Cuts:
* A significant reduction in the corporate tax rate from 35% to 21%.
* Individual Income Tax Changes:
* Lowered income tax rates for many individuals.
* Increased the standard