#TrumpTaxCuts *Trump Tax Cuts* refer to a series of tax reforms implemented under former President Donald Trump, primarily through the *Tax Cuts and Jobs Act (TCJA)*, passed in December 2017. The legislation aimed to lower the corporate tax rate from 35% to 21%, provide tax cuts for individuals (especially for higher income brackets), and allow businesses to immediately deduct the cost of certain capital investments. It also capped state and local tax deductions and reduced the corporate tax rate for multinational companies. Critics argue that the cuts disproportionately benefited the wealthy and increased the national deficit, while supporters say it spurred economic growth and job creation.
