#TrumpTaxCuts

Trump Tax Cuts (#Trump_Tax_Cuts)

The Trump Tax Cuts refer to the Tax Cuts and Jobs Act, which was signed into law by former U.S. President Donald Trump in December 2017. This law is considered one of his greatest economic successes and included significant changes to the U.S. tax system. The law reduced the corporate income tax rate from 35% to 21%, encouraging many companies to reinvest in the United States. It also included temporary tax cuts for individuals, particularly the middle class, although the bulk of the benefits went to the wealthy. Trump defended the law as a driver of economic growth.