#XRPETFs The #TrumpTaxCuts hashtag likely refers to the Tax Cuts and Jobs Act (TCJA) signed into law by President Donald Trump in 2017. Here are some key aspects of the TCJA [1][2][3]:

- *Corporate Tax Rate*: The TCJA reduced the corporate tax rate from 35% to 21%, aiming to boost economic growth and competitiveness.

- *Individual Tax Brackets*: The law lowered individual tax brackets, with rates ranging from 10% to 37%. These changes are set to expire after 2025.

- *Standard Deduction*: The standard deduction was nearly doubled to $12,000 for single filers and $24,000 for married couples filing jointly.

- *State and Local Tax (SALT) Deduction*: The TCJA capped the SALT deduction at $10,000, affecting high-tax states.

- *Estate Tax Exemption*: The estate tax exemption was increased to $11.18 million for individuals and $22.36 million for married couples.

The TCJA's impact and legacy are debated [4][5]:

- *Economic Growth*: Proponents argue that the tax cuts boosted economic growth, increased business investment, and created jobs.

- *Budget Deficits*: Critics point out that the TCJA significantly increased budget deficits and national debt.

- *Income Inequality*: Some argue that the tax cuts disproportionately benefited high-income individuals and corporations.

The TCJA's provisions are set to change after 2025, which could lead to a shift in tax policies [6].