#TrumpTaxCuts The **Trump tax cuts**, officially the **Tax Cuts and Jobs Act (TCJA) of 2017**, were a major overhaul of the U.S. tax system. Key provisions included:

- **Corporate tax rate cut** from 35% to 21%.

- **Individual tax rate reductions**, with the top rate dropping from 39.6% to 37%.

- **Doubled standard deduction** but eliminated some itemized deductions.

- **Pass-through business deductions** (20% for qualifying income).

- **Estate tax exemption doubled** to ~$11 million per person.

Proponents argued it boosted growth and jobs, while critics said it disproportionately benefited corporations and the wealthy, increasing deficits. Most individual cuts expire after **2025**, but corporate cuts are permanent. The long-term economic impact remains debated.