The Tax Cuts and Jobs Act of 2017, also known as Trump tax policy of 2025, is a significant piece of legislation that reshaped the U.S. tax code. The law reduced taxes for businesses and individuals, and is estimated to have added $1.5 trillion to the national debt over the next decade.
The law’s most significant change was the reduction of the corporate tax rate from 35% to 21%. This change was designed to make U.S. businesses more competitive on the global stage and to encourage investment. The law also reduced individual income tax rates and increased the standard deduction. These changes were designed to put more money in the pockets of working families.
