#TrumpTaxCuts

that's a hashtag often used in discussions about the Tax Cuts and Jobs Act (TCJA), which was signed into law by former President Donald Trump in December 2017.

Here’s a quick summary:

Main points: It lowered the corporate tax rate from 35% to 21%, reduced income tax rates for individuals, increased the standard deduction, and limited deductions for state and local taxes.

Supporters say: It boosted economic growth, increased wages, and helped businesses invest more.

Critics say: It favored the wealthy and corporations, increased the federal deficit, and provided only temporary benefits for middle- and lower-income Americans.