#TrumpTaxCuts Donald Trump has consistently praised his 2017 tax cuts — the Tax Cuts and Jobs Act (TCJA) — calling them one of his major accomplishments. His thoughts on the tax cuts can be summarized as follows:
1. Pro-Growth: Trump believes the tax cuts spurred economic growth, created jobs, and increased wages. He often says, “They created the best economy in the history of the country.”
2. Middle-Class Benefits: He claims the cuts helped middle-class families by lowering individual tax rates and increasing the standard deduction.
3. Corporate Competitiveness: Trump argues that lowering the corporate tax rate (from 35% to 21%) made the U.S. more competitive globally and encouraged companies to invest domestically.
4. Future Plans: He wants to make the tax cuts permanent, expand them, and introduce new cuts — including eliminating taxes on tips and potentially exempting military personnel and first responders from income taxes.
5. Debt Concerns Dismissed: When asked how to pay for these cuts, Trump typically responds that “growth will pay for them,” dismissing concerns about the national debt.$TRUMP