#TrumpTaxCuts

#TrumpTaxCuts refer to the Tax Cuts and Jobs Act (TCJA) signed into law by President Donald Trump in December 2017. The legislation significantly lowered the corporate tax rate from 35% to 21%, aiming to stimulate economic growth and job creation. It also reduced individual income tax rates, increased the standard deduction, and limited certain deductions like state and local taxes (SALT). Supporters argue it boosted the economy and raised wages, while critics say it primarily benefited the wealthy and increased the federal deficit. Some provisions are set to expire after 2025 unless renewed by Congress.

#TrumpTaxCuts