#TrumpTaxCuts refers to the Tax Cuts and Jobs Act (TCJA) signed into law by President Donald Trump in 2017. The law significantly reduced corporate tax rates from 35% to 21%, aiming to stimulate economic growth, increase business investment, and create jobs. Individual tax rates were also lowered, and the standard deduction was nearly doubled. Supporters argue the cuts boosted the economy and stock market, while critics claim they disproportionately benefited the wealthy and increased the federal deficit. The effects of the #TrumpTaxCuts continue to shape debates over tax policy, government spending, and income inequality in the United States.
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