What Happens if President Trump Extends 2017 Tax Cuts and Jobs Act (TCJA)?
Tax Cuts and Jobs Act The Tax Cuts and Jobs Act (TCJA) was a major change in tax codes, signed into law by President Donald Trump in his previous term, and put into effect on January 1st, 2018. The tax reform resulted in various changes for federal individuals and businesses.[1] The goal of the cut was to accelerate economic growth and create a more business-friendly environment in the United States.S-Corporations versus C-Corporations S-corporations and C-corporations are tax elections that decide