Usually means: Reduction in mandated government levies.
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We found 3 dictionaries that define the word taxcut:

General (3 matching dictionaries)
  1. Taxcut, taxcut: Wordnik
  2. TaxCut: Wikipedia, the Free Encyclopedia
  3. taxcut: Rhymezone

(Note: See taxcuts as well.)

Definitions from WordNet (taxcut)

noun:  the act of reducing taxation ("The new administration's large taxcut was highly controversial")


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