#TrumpTaxCuts The 2017 Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts, significantly altered the U.S. tax code. Key features included reduced corporate and individual income tax rates, and an increased standard deduction.

The cuts' economic impact is debated. Proponents argue they stimulated growth, while critics point to increased national debt. The individual tax cuts are set to expire in 2025, sparking discussions about their extension.

Political divisions are strong regarding the TCJA's future. Opinions vary on whether to extend all provisions, or target cuts to specific income groups. The impact on the national deficit is a key concern.