The Good & The Bad of The One Big Beautiful Bill

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Join Tom Wheelwright as he discovers what is in the One Big Beautiful Bill, what’s not, and what impact it will have on your business and the economy with his guest, President and CEO of the Tax Foundation - Daniel Bunn.

Daniel has been with the Tax Foundation since 2018 and, prior to becoming President, successfully built its Center for Global Tax Policy, expanding the Tax Foundation’s reach and impact around the world. Prior to joining the Tax Foundation, Daniel worked in the United States Senate at the Joint Economic Committee as part of Senator Mike Lee’s (R-UT) Social Capital Project and on the policy staff for both Senator Lee and Senator Tim Scott (R-SC). In his time in the Senate, Daniel developed legislative initiatives on tax, trade, regulatory, and budget policy.

In this episode, discover the improvements to the tax code, the limitations for tax payers, the consequences of lobbyists, who wins and who loses.


Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/


00:00 - Intro.
01:50 - The Good Policy Provisions.
06:00 - Temporary vs. Permanent.
08:40 - The Bad Policy Provisions.
12:15 - Who are the winners? Who are the losers?
15:15 - Deductions & Penalties
21:33 - Tax on Universities & Service Industries.
29:10 - Don’t miss your opportunity for savings!
33:44 - Tax cuts across the board.
36:25 - Closing Statements.


Looking for more on Daniel Bunn?

Website: www.taxfoundation.org/
LinkedIn: www.linkedin.com/in/danielbunn
Twitter/X: @danieldbunn

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ABOUT US:
Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona.


DISCLAIMER:
WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.