#TrumpTaxCuts The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act (TCJA), were signed into law by President Donald Trump in 2017. The legislation significantly reduced corporate and individual tax rates, doubling the standard deduction. Proponents argued it would boost economic growth and job creation. Critics claimed it disproportionately benefited wealthy Americans and increased the national debt. The TCJA's impact remains debated, with some citing economic gains and others pointing to fiscal concerns. Its provisions are set to expire or change in the coming years.