Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:enactedBy |
gptkb:115th_United_States_Congress
|
| gptkbp:estimatedCost |
$1.5 trillion over 10 years
|
| https://www.w3.org/2000/01/rdf-schema#label |
Trump tax cuts
|
| gptkbp:impactOnCorporateProfits |
increased corporate profits
|
| gptkbp:impactOnDeficit |
increased federal deficit
|
| gptkbp:impactOnGDP |
modest short-term increase
|
| gptkbp:impactOnInequality |
increased income inequality
|
| gptkbp:impactOnStockMarket |
boosted stock prices
|
| gptkbp:impactOnWages |
limited effect
|
| gptkbp:mainProvision |
increased child tax credit
eliminated personal exemptions limited mortgage interest deduction changed international taxation rules changed pass-through business taxation doubled standard deduction limited state and local tax deduction to $10,000 lowered corporate tax rate from 35% to 21% reduced individual income tax rates repealed individual mandate penalty of Affordable Care Act |
| gptkbp:officialName |
gptkb:Tax_Cuts_and_Jobs_Act
|
| gptkbp:opposedBy |
gptkb:Democratic_Party
|
| gptkbp:publicOpinion |
mixed
|
| gptkbp:purpose |
stimulate economic growth
reduce federal tax rates |
| gptkbp:repealedOrModified |
not repealed as of 2024
|
| gptkbp:signedBy |
gptkb:Donald_Trump
2017-12-22 |
| gptkbp:startDate |
2018-01-01
|
| gptkbp:supportedBy |
gptkb:Republican_Party
|
| gptkbp:validOn |
2025-12-31
|
| gptkbp:bfsParent |
gptkb:TCJA
|
| gptkbp:bfsLayer |
6
|