#TrumpTaxCuts The #TrumpTaxCuts refer to the Tax Cuts and Jobs Act signed into law by former President Donald Trump in December 2017. This legislation marked one of the most significant overhauls of the U.S. tax code in decades. Key features included lowering the corporate tax rate from 35% to 21%, reducing individual income tax rates, and increasing the standard deduction. Proponents argue the cuts spurred economic growth, job creation, and increased business investment. Critics, however, claim the benefits disproportionately favored corporations and the wealthy, while increasing the national deficit. As parts of the law are set to expire after 2025, the future of these tax provisions remains a hot topic in upcoming policy and election debates.