Donald Trump's reelection represented a pro-business victory, emphasizing growth-driven policies like the Tax Cuts and Jobs Act and potential further tax cuts for corporate investment.
The 2017 Tax Cuts and Jobs Act focused on empowering entrepreneurs and investors, featuring significant measures like the 20% QBI deduction and the reduction of the corporate tax rate to 21%.
Trump's agenda for promoting research and development includes advocating for permanent bonus depreciation and improving R&D tax incentives to match or exceed those in competing nations.
By extending and enhancing the QBI deduction, particularly for various business types, the administration could significantly boost entrepreneurship and overall economic growth.
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