#TrumpTaxCuts TrumpTaxCuts refer to the tax reform measures enacted under former President Donald Trump, primarily through the Tax Cuts and Jobs Act (TCJA) of 2017. This legislation significantly reduced the corporate tax rate from 35% to 21%, aimed at boosting business investment and economic growth. It also lowered individual income tax rates, increased the standard deduction, and introduced new benefits for small businesses. Supporters argued it stimulated job creation and economic expansion, while critics claimed it disproportionately benefited the wealthy and added to the national deficit. The future of these cuts remains a political debate, especially as key provisions face expiration.