#TrumpTaxCuts Tax: Cut the corporate income tax rate from 35% to 21%, aiming to boost business investment and job creation.

Individual Impact: Lowered income tax rates across brackets, doubled the standard deduction, and increased the child tax credit.

Small Businesses: Introduced a 20% deduction for qualified business income for pass-through entities like LLCs and sole proprietorships.

Economic Goals: Promoted as a way to stimulate economic growth, increase wages, and reduce unemployment.