President Donald Trump campaigned with the promise of codifying tax cuts passed during his first term upon return to the Oval Office. The 2017 Tax Cuts and Jobs Act (TCJA) was a cornerstone of his first term, and many of the cuts would have died at the end of 2025. That promise to cement cuts became a reality on July 4, with the One Big Beautiful Bill being signed into law.
Read Next: I Asked ChatGPT To Explain How Rich People Avoid Taxes Like I’m 12 — Here’s What It Said
