#XRPETFs

The Tax Cuts and Jobs Act of 2017, often referred to as the Trump Tax Cuts, was a significant piece of legislation that President Donald Trump signed into law. Here's a concise overview:

* Key Features:

* It significantly reduced corporate income tax rates.

* It also made changes to individual income tax rates, though these changes are set to expire.

* The legislation increased the standard deduction for individuals.

* It made changes to various deductions and credits.

* Impact:

* The tax cuts sparked considerable debate regarding their impact on the economy, with differing views on their effects on economic growth, job creation, and the national debt.

* There is also debate on how the tax cuts effected different income levels.

* Many of the individual tax cuts are set to expire in 2025.