#TrumpTaxCuts It looks like you're bringing up #TrumpTaxCuts — that's a hashtag that became popular around the 2017 Tax Cuts and Jobs Act (TCJA), which was one of Donald Trump's major legislative achievements as president.
Here's a quick breakdown:
It lowered the corporate tax rate from 35% to 21%.
It reduced individual income tax rates for many brackets, but those cuts are set to expire after 2025 unless renewed.
It doubled the standard deduction and reduced personal exemptions.
It limited some deductions (like the SALT deduction to $10,000).
Critics argue it favored the wealthy and corporations, while supporters say it spurred economic growth and boosted take-home pay.
Are you looking for a deeper dive, a specific effect, a summary for social media, or something else around it?