#TrumpTaxCuts TrumpTaxCuts refer to the Tax Cuts and Jobs Act (TCJA) signed into law in 2017 under President Donald Trump. The legislation significantly lowered the corporate tax rate from 35% to 21% and adjusted individual income tax brackets, temporarily reducing rates for many taxpayers. Supporters argue the cuts stimulated economic growth, boosted business investment, and created jobs. Critics claim the benefits mainly favored corporations and the wealthy, increasing the federal deficit. Some provisions for individuals are set to expire after 2025. The long-term impact of the #TrumpTaxCuts continues to be a major topic in U.S. political and economic debates.