#TrumpTaxCuts The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA), were a major overhaul of the US tax code signed into law by President Donald Trump in December 2017. The TCJA aimed to stimulate economic growth, create jobs, and increase competitiveness by reducing corporate and individual tax rates.

Key provisions included:

1. Corporate tax rate reduction from 35% to 21%

2. Individual tax rate reductions across various income brackets

3. Increased standard deduction

4. Limitations on state and local tax (SALT) deductions

The TCJA's impact remains a topic of debate, with proponents arguing it boosted economic growth and opponents claiming it disproportionately benefited wealthy individuals and corporations.

What specific aspects of the Trump Tax Cuts would you like to know more about?