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The 2017 tax cuts as a big driver of added national debt during President Trump's administration.
The short answer: not yet—measured by past years in office, deficits rose substantially under President Trump, and while the administration’s 2025–2034 projections claim large future deficit reduction...
The One Big Beautiful Bill preserved and expanded elements of the 2017 Tax Cuts and Jobs Act — raising the standard deduction and extending lower tax brackets while adding some family-oriented credits...