#TrumpTaxCuts It looks like you mentioned #TrumpTaxCuts — are you asking for information about them, their effects, current discussions, or something else?

Here’s a quick overview:

The Trump Tax Cuts usually refer to the Tax Cuts and Jobs Act (TCJA) signed into law by President Donald Trump in December 2017. Major points include:

Corporate tax rate was cut from 35% to 21%.

Individual tax rates were lowered across most income brackets, though those cuts for individuals are temporary (expiring after 2025 unless extended).

Standard deduction nearly doubled, while many personal exemptions were eliminated.

State and Local Tax (SALT) deductions were capped at $10,000.

Some tax breaks for businesses (like 100% bonus depreciation) and for "pass-through" entities (like LLCs and S-corps) were introduced.

Supporters argue the cuts stimulated economic growth, job creation, and higher wages.

Critics say the cuts disproportionately benefited corporations and the wealthy,