#TrumpTaxCuts It sounds like you’re bringing up #TrumpTaxCuts — a hashtag often used to discuss the Tax Cuts and Jobs Act (TCJA) that was signed into law by President Donald Trump in December 2017.

Here's a quick overview:

Main Features:

Lowered the corporate tax rate from 35% to 21%.

Reduced individual income tax rates across most brackets.

Doubled the standard deduction.

Capped state and local tax (SALT) deductions at $10,000.

Increased the child tax credit.

Changed how multinational corporations are taxed (shifting toward a territorial system).

Most individual tax cuts are set to expire after 2025, unless renewed.

Supporters Say:

It boosted economic growth, lowered unemployment, and helped businesses invest more.

Critics Say:

It disproportionately benefited the wealthy and large corporations, added significantly to the national debt, and had limited long-term benefits for middle- and lower-income Americans.

Would you like a deeper breakdown, like how it affected specific income groups, what might happen in 2025, or its impact on the economy overall?