The tax cut that President Trump and the Republican controlled Congress passed in 2018 made temporary tax cuts for corporations and permanent tax cuts for individuals.

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The tax cut passed in 2018, known as the Tax Cuts and Jobs Act, made permanent tax cuts for corporations, reducing the corporate tax rate from 35% to 21%, and temporary tax cuts for individuals, which are set to expire in 2025.

The Tax Cut That President Trump and the Republican Controlled