#TrumpTaxCuts refers to the tax cuts implemented under the administration of former United States President Donald Trump, particularly through the Tax Cuts and Jobs Act of 2017. This legislation represented one of the largest changes in the U.S. tax system in decades. Its primary goal was to stimulate economic growth by reducing taxes for corporations, small businesses, and, to a lesser extent, individuals. Among its notable features are the reduction of the corporate tax rate from 35% to 21% and changes to income tax rates.