#TrumpTaxCuts The #TrumpTaxCuts likely refers to the Tax Cuts and Jobs Act (TCJA), a tax reform bill signed into law by President Donald Trump in 2017. The TCJA aimed to stimulate economic growth by reducing corporate and individual tax rates.
Some key aspects include:
- Lower corporate tax rate from 35% to 21%
- Reduced individual tax rates across various income brackets
- Increased standard deduction
What specific aspect of the #TrumpTaxCuts would you like to know more about?