#TrumpTaxCuts

The **Tax Cuts and Jobs Act (TCJA)** drove dynamic economic growth by reducing the tax burden on businesses and workers. The corporate tax cut of 21% incentivized investments, repatriation of capital, and job creation, achieving a historic unemployment rate (3.5% in 2019). For individuals, the increase in the standard deduction benefited millions of middle-class families, simplifying their tax returns and increasing their disposable income. Additionally, the 20% deduction for small businesses and self-employed individuals encouraged entrepreneurship and innovation. Although criticized, the TCJA modernized an outdated tax system, positioning the U.S. as globally competitive and restoring business confidence at a crucial time.