The Tax Cuts and Jobs Act of 2017 signed by President Trump formally opened the curtain of U.S. tax reform, reduced the U.S. corporate and individual income tax rates, and reformed the U.S. international tax system, adjusted the cross-border income tax system. Trump administration tax reform has aroused widespread concern in the United States domestic and international society. The domestic discussions focused on whether the tax reform can promote economic and investment growth, increase wage, and promote knowledge innovation and so on. The international community, on the other hand, is generally worried about spillover effects such as competitive tax cuts that may result from the Trump administration's tax reform. For China, it may be appropriate to maintain a certain tax rate and the institutional cost of the enterprises and be wary of other non-tax system costs; to maintain a certain amount of government financial resources so as to ensure the financial strength for future expansionary development and promote social economy as soon as possible Stride forward by leaps and bounds; and increase the government's investment in education, science and technology and other basic guarantees.