#TrumpTaxCuts Trump Tax Cuts refer to the Tax Cuts and Jobs Act (TCJA) of 2017, a major U.S. tax reform under President Donald Trump. Key provisions included slashing corporate tax rates from 35% to 21%, lowering individual income tax brackets, doubling the standard deduction, and capping state/local tax (SALT) deductions. Proponents argued it spurred economic growth and job creation, while critics claimed it disproportionately benefited corporations and high earners, exacerbating inequality. Many individual cuts expire by 2025, but corporate reductions are permanent. The TCJA also expanded the Child Tax Credit and estate tax exemptions. Debates persist over its long-term economic impact and contribution to federal deficits.