#TrumpTaxCuts is related to the tax reforms implemented during the administration of Donald Trump, known as the Tax Cuts and Jobs Act. This legislation, enacted in 2017, introduced significant changes to the United States tax code, such as reducing tax rates for individuals and corporations, increasing standard deductions and family tax credits, and eliminating certain personal exemptions.
Although these reforms were praised by some for stimulating economic growth and benefiting businesses, they also generated criticism due to concerns about rising fiscal deficits and economic inequality. Many of the tax cuts for individuals are scheduled to expire in 2025, leading to debates about whether they should be extended or modified.