#TrumpTaxCuts

**Trump Tax Cuts (2017 Tax Cuts and Jobs Act)**

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

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

- **Individual tax cuts**, lowering rates and doubling the standard deduction (expiring in 2025).

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

- **Estate tax exemption increase** (doubled to ~$11 million).

- **SALT deduction cap** at $10,000, affecting high-tax states.

Supporters argued it boosted growth and jobs, while critics said it favored corporations and the wealthy, increasing deficits. The long-term economic impact remains debated.