#TrumpTaxCuts #TrumpTaxCuts refers to the Tax Cuts and Jobs Act (TCJA), a significant overhaul of the US tax code signed into law by President Donald Trump in December 2017. Key provisions include:

- *Corporate tax rate reduction*: Lowered the corporate tax rate from 35% to 21%.

- *Individual tax brackets*: Adjusted tax brackets, reducing rates for many individuals.

- *Standard deduction increase*: Doubled the standard deduction for individuals and families.

- *State and local tax (SALT) deduction limit*: Capped SALT deductions at $10,000.

The TCJA's impact is debated, with some arguing it:

- *Boosted economic growth*: Through increased business investment and job creation.

- *Helped low- and middle-income households*: Through tax cuts and increased standard deductions.

Others argue it:

- *Disproportionately benefited high-income households*: Through larger tax cuts and increased wealth inequality.

- *Increased budget deficits*: Through reduced government revenue.

Are you interested in the TCJA's effects on specific industries, households, or the broader economy?