Tax and Spending Bill, Small Businesses Less Optimistic, Klarna Goes Human

This episode was recorded prior to the House passing the Big Beautiful Tax Bill on May 22, 2025.

Gene Marks shares insights on the Big Beautiful Tax Bill and on the importance of keeping the tax credits for small businesses. That might lift their spirits but, according to the Small Business Optimism Index, not much else is rosy. Sales volumes are down, plans for capital outlay are down, and that has optimism down for a fourth month. Gene also talks about the buy-now pay-later service Klarna doing a 180-degree turn, choosing human hires over AI after going all in on AI three years ago.

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