August 4, 2025 • 16 mins
Navigate the 2025 tax season with confidence! This video breaks down the most impactful federal tax law changes for individuals and business owners under the new “One Big Beautiful Bill Act.” Discover how permanent lower tax brackets, a new senior deduction for Social Security, and a special deduction for tipped income could benefit you. Plus, …
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:01):
Hello, everybody. This is Terry, and we are
back to discuss Trump's big beautiful
bill. So we got a new tax act,
and I know there's been a lot of
discussion about it. So today, what we wanna
do is simply roll up our sleeves,
dig in, and see what is going to
impact people the most and where are the
planning opportunities.
(00:29):
Let's start with the,
I guess, the biggest one that applies to
everybody, and that is the tax brackets. So
the tax brackets,
were set to go up at the end
of the this year, which is when the
current tax act was going to expire before
the big beautiful,
tax bill came about.
(00:49):
So we are going to have 10%, 12%,
22%,
24%,
32%,
and 37%
tax brackets,
which is what we've been living with since
his,
tax act was passed in his first administration,
that is going to continue.
Now why is that important?
Well, the brackets were gonna go back to
(01:11):
a ten, fifteen, 25,
28, 33, 35, and 39.6%.
So for virtually
everybody who is paying taxes at most levels,
they get to maintain their lower tax bill
that they've been enjoying for all these years.
So this is something that is not gonna
be felt because we're used to these lower
taxes,
(01:32):
but it actually means a few thousand dollars
in just about everybody's pockets and for the
higher income earners, even more than that. So
the tax bracket staying lower in 2025
is one of the key things, and it
gives us the opportunity to do some planning,
in the
kind of manipulation
of tax brackets. So we can try to
(01:55):
cause income, maybe if we're gonna be at
the lower brackets and we have room or
do Roth conversions or things of that nature.
So that kind of planning we've been doing
for years now, and that we can continue.
So now we wanna look at some of
the other things that are in this bill.
Now the first one
is Social Security.
(02:15):
Now if you remember when Trump was running
for election, he touted that he was going
to make Social Security
no longer taxable.
Well, he did that, sort of. I mean,
there are going to be limitations on the
higher income earners. But there's a new senior
deduction
that is about $6,000
that is available if you're 65
(02:37):
years or older with an adjusted gross income
of under 75,000,
if you're single, and a 150,000
if you're married, filing jointly.
So the deduction phases out for higher incomes
and disappears completely,
once you get up to the 250,000
level for joint.
So this deduction
(02:57):
is depending on your your your bracket, is
gonna be worth a few thousand dollars of
extra income for most seniors.
Now the key planning opportunity
here is a lot of seniors are relying
on Social Security and then how they withdraw
money from their portfolio.
Now if you have a pension, it's harder
to to manipulate your income year to year
(03:18):
because the pension occurs every single year. But
if you're withdrawing from your portfolio,
we now have the ability to maybe take
more out any given year and less out
in the next. So if you're in the
phase out, perhaps we can get that deduction
every other year. So there is an opportunity
here,
that could be worth an extra few thousand
dollars here and there.
(03:39):
So this, again, is for retirees
65
or older,
with moderate income level. This is a big
benefit.
So if you're higher income,
this is probably not going to benefit you
at all. But for the lower income or
moderate income, I should say, this is actually
gonna be a nice raise that you will
fill,
immediately.
(04:01):
Now one of the other things that we
have that was campaigned upon
was this whole no tax
on tips. So similar to Social Security,
the Trump administration was able to get you
partway there, but didn't simply declare that there's
no taxes on tips.
Very similar to how they didn't really declare
(04:21):
that there is no tax at all on
Social Security, but they did get you partway
there. So how does this work?
Well, from 2025
to 02/1928,
employees and self employed individuals,
in certain IRS defined tip obligate or tip
occupations,
(04:42):
such as a bartender or a waiter or
a waitress,
somebody working
valet or at a salon, things of that
nature that are used to getting tips,
they will no longer have to pay taxes
or they will get a deduction
for up to $25,000
per year of reported tips.
(05:02):
Now this will eliminate the federal tax, but
it does not eliminate
self employment tax and and all the miscellaneous
Social Security and things of that nature. So
it's still subject to that, but you don't
have to pay tax. So this is a
big deal for those that are,
working maybe as a waiter or a waitress
through college
(05:22):
or or as a young adult,
or perhaps as your long term career will
save you some money there.
So this is one. If it applies to
you, it's a big deal, and it can
save you several thousand dollars
for tax relief,
on tips. So the key here is there's
still gonna be limits. So if you are
(05:43):
very high income,
which is defined really as over a 150,000
for a single or 300,000
for a couple,
you are not gonna get the benefit of
the tips. There's a phase out that will
apply.
So, again, similar to Social Security, there's a
planning opportunity to try to time your income
so that you at least get that benefit
(06:03):
every other year
if you have income sources that allow us
to manipulate or plan around that.
So there are a number of other tax
advantages that we're not going through because I'm
hitting on the big ones right now.
So there are a lot of different ones
such as different interest deduction that you now
can get regarding autos and student loans and
(06:23):
things of that nature.
But we wanna hit on the biggest ones.
So I wanna move next
to a deduction that applies for business owners.
And this is the QBI
deduction or Qualified
Business Income Deduction
that many business owners have been enjoying.
And this is a 20%
(06:45):
deduction
off of your income.
So if you qualify for the QBI, this
can be very, very significant.
And it really helps businesses compete, especially small
businesses.
And this was set to expire, and it
now has been made permanent.
Now permanent in tax code language means until
(07:05):
a new tax law comes along and changes
it,
but it is permanent. So this is a
big opportunity
to take advantage of the QBI deduction.
Now there are a lot of different things
that the CPAs and tax attorneys that we've
been doing to try to make sure you
get that because there are rules here again
for
higher income wage earners as well as certain
(07:27):
professions.
So tax attorneys,
CPAs,
a number of consultants
are exempt from this, meaning they do not
get the benefit.
So the the trick here is to organize
some businesses so that you separate the professional
services out,
from the nonprofessional
(07:47):
services so that part of your business can
get this QBI deduction.
So that's one of the ways that you
can try to maximize that. So a lot
of planning opportunities here for the QBI deduction.
Now the next one I wanna discuss is
something that we call the SALT deduction.
Now the SALT deduction is basically
(08:09):
if you remember when Trump was in office
the first time, he didn't like the fact
that some
high tax states like California and New York
were charging their citizens very, very high taxes
compared to the rest of the country.
But then those citizens got to deduct it
off their federal taxes, so they were paying
less in taxes
(08:29):
because they were paying more to the state.
So this this law, which they refer to
as the SALT deduction,
limited the amount of state income taxes,
property taxes, and other types of taxes,
that you pay
that limited the amount that you could deduct
off of your federal income tax return. And
(08:50):
this was at a limit of $10,000,
which in states like ours in California here,
you can exceed $10,000
very, very rapidly just on your property taxes
alone.
So there's a number of strategies to get
this back in California involving entity planning
and how you will pay the tax at
(09:10):
the entity level
and therefore be able to avoid the SALT
limitation.
But countless individuals do not do this either
because they don't have the ability, because of
the wrong types of entities, or their planners
simply haven't showed them how.
So the new tax law, the new rule
raises this SALT deduction from 10,000
(09:31):
to $40,000.
So this is a very, very meaningful
boost because an extra $30,000
write off for somebody that has those kind
of state taxes,
can save them, of course, well over $10,000
in federal taxes.
So the federal cap is now $40,000,
but it will phase back down to 10,000
(09:54):
if your income gets too high.
So a lot of these rules is that
as your income is higher,
you're gonna be phased out of the benefits.
So this gives planning opportunities as to how
can we make somebody's income
low enough, at least on paper, to qualify.
And there's a variety of tools to do
that. So depending on how much income there
(10:15):
is, we wanna be able to take advantage
of the SALT deduction.
And, again,
doing the pass through entry
entity election
or the PTET
election
under what's called a b one fifty for
s corps and partnerships,
There are ways in which we can actually
even exceed the $40,000
(10:35):
deduction. So, again, this is an area that
definitely needs,
planning because it takes,
it it can give you a very large
deduction when done properly.
K. What was another opportunity that came in
that maybe was a little bit less talked
about?
And that I would say is the return
of 100%
(10:55):
bonus depreciation.
So this is now permanent for new and
used equipment.
Now I wanna point out that California does
not conform this at least as of yet.
So you don't get to deduct on the
California taxes necessarily, but you get to deduct
it on the federal. So California
operates under a different depreciation
schedule schedule.
(11:17):
But under the federal law, you now have
100%,
bonus depreciation, which is basically accelerated depreciation.
So let's say you buy a tractor for
your
for your business and you spent
$80,000
on it, you can deduct the entire thing
in that year. So if you have a
very high income year, it might be a
(11:39):
good idea to make some of those capital
expenditures
get the deduction.
And this may bring your income down low
enough to where some of the prior deductions
we've talked about may apply, and maybe you
can now qualify. So they all kinda stack
on top of each other.
So the key with tax planning is looking
at the whole picture and stacking strategies to
(11:59):
get you as many deductions as possible.
But the 100% bonus depreciation
is quite,
powerful.
Now the section one seventy nine expensing, which
which is, again, also
accelerated depreciation,
has doubled to 2 and a half million
dollars. So this is really,
(12:22):
in in addition to kind of, the bonus
depreciation or doubling of what you could normally
take, the section one seventy nine is what
really allows you to deduct everything
up to a limit. Now that limit is
2 and a half million, but you'll basically
be able to take 100 percent depreciation
on most items
up to 2 and a half million.
(12:42):
Now the California limit here is only 25,000,
so you may get a smaller deduction on
the California level.
Addition into that, if you'd have r and
d expenses, so some businesses do have,
expenses that qualify as r and d. Those
are fully deductible in the year that they're
incurred
at both the federal and the state levels.
(13:03):
So that encourages the research and development in
our businesses.
So you wanna schedule your capital spending so
that you can maximize the deductions, especially in
those high income years.
Now a couple other notable changes, we do
do a state, tax planning for a lot
of clients. So we wanna, just point out
that this is up to $15,000,000
(13:24):
per person is the current exemption.
So you can pass up to 30,000,000 for
a couple without having any estate tax issues.
So that gives us lots of room to
be able to maneuver
and to hopefully avoid estate taxes completely for
any estate under 30,000,000. And for larger estates,
the advanced planning techniques
gives us a lot of room to work
with to try to get even large $100,000,000
(13:47):
estates, down to a zero tax bill.
And then something called this qualified
small business stock,
which is a special,
provision that will allow 15,000,000 of capital gains
to be excluded if you qualify
in both under both federal law and California
law. So this is something when you sell
(14:09):
your business, if you qualify, you might be
able to exclude a tremendous amount of gains.
And then finally, the charitable
rules were loosened a little bit,
where you can start getting some deduction for
charitable.
Before, as you were doing your standard deduction,
it was much more limited.
So this is something if you're doing larger
charitable gifts, some charitable planning opportunities
(14:30):
exist there.
So these are our key
planning opportunities as we see them in this
tax act. Now, again, there are a lot
of other smaller rules that will also give
you tax benefits,
but we wanted to hit on the ones
that were the most
impactful.
So, hopefully, this gives you a little insight
(14:51):
and gives you some
at least spur some ideas to get together,
whether it's us or other tax planners that
you're working with. Get together and do your
tax plan
because the new tax bill does give you
some additional
tools in order to reduce that tax bill.
So happy tax planning. Hopefully, this was helpful,
(15:12):
and I will see you next time in
our next episode
at We Money Talk. Thank you, and have
a great day.
Thank you for listening to We Money Talk
with Terry Wheeler.
Be sure to click the follow button to
be notified as new episodes become available.
Information presented is for educational purposes only. No
(15:33):
listener should assume that any discussions or information
presented serves as the receipt of or substitute
for personalized advice from We Alliance Wealth Advisors
Inc or from any other investment professional and
is not intended as an offer
specific securities, investments, or investment strategies. We, Alliance
(15:54):
Wealth Advisors Inc, is not a law firm
or accounting firm, and no portion of this
podcast should be interpreted as legal, accounting, or
tax advice. Information Express does not take into
account your specific situation or objectives and is
not appropriate for every individual. Listeners are encouraged
to seek advice from qualified tax, legal, or
(16:14):
investment advisers to determine whether any information presented
may be suitable for their specific situation.
Hello, everybody. This is Terry, and we are
back to discuss Trump's big beautiful
bill. So we got a new tax act,
and I know there's been a lot of
discussion about it. So today, what we wanna
do is simply roll up our sleeves,
dig in, and see what is going to
impact people the most and where are the
planning opportunities.
(00:29):
Let's start with the,
I guess, the biggest one that applies to
everybody, and that is the tax brackets. So
the tax brackets,
were set to go up at the end
of the this year, which is when the
current tax act was going to expire before
the big beautiful,
tax bill came about.
(00:49):
So we are going to have 10%, 12%,
22%,
24%,
32%,
and 37%
tax brackets,
which is what we've been living with since
his,
tax act was passed in his first administration,
that is going to continue.
Now why is that important?
Well, the brackets were gonna go back to
(01:11):
a ten, fifteen, 25,
28, 33, 35, and 39.6%.
So for virtually
everybody who is paying taxes at most levels,
they get to maintain their lower tax bill
that they've been enjoying for all these years.
So this is something that is not gonna
be felt because we're used to these lower
taxes,
(01:32):
but it actually means a few thousand dollars
in just about everybody's pockets and for the
higher income earners, even more than that. So
the tax bracket staying lower in 2025
is one of the key things, and it
gives us the opportunity to do some planning,
in the
kind of manipulation
of tax brackets. So we can try to
(01:55):
cause income, maybe if we're gonna be at
the lower brackets and we have room or
do Roth conversions or things of that nature.
So that kind of planning we've been doing
for years now, and that we can continue.
So now we wanna look at some of
the other things that are in this bill.
Now the first one
is Social Security.
(02:15):
Now if you remember when Trump was running
for election, he touted that he was going
to make Social Security
no longer taxable.
Well, he did that, sort of. I mean,
there are going to be limitations on the
higher income earners. But there's a new senior
deduction
that is about $6,000
that is available if you're 65
(02:37):
years or older with an adjusted gross income
of under 75,000,
if you're single, and a 150,000
if you're married, filing jointly.
So the deduction phases out for higher incomes
and disappears completely,
once you get up to the 250,000
level for joint.
So this deduction
(02:57):
is depending on your your your bracket, is
gonna be worth a few thousand dollars of
extra income for most seniors.
Now the key planning opportunity
here is a lot of seniors are relying
on Social Security and then how they withdraw
money from their portfolio.
Now if you have a pension, it's harder
to to manipulate your income year to year
(03:18):
because the pension occurs every single year. But
if you're withdrawing from your portfolio,
we now have the ability to maybe take
more out any given year and less out
in the next. So if you're in the
phase out, perhaps we can get that deduction
every other year. So there is an opportunity
here,
that could be worth an extra few thousand
dollars here and there.
(03:39):
So this, again, is for retirees
65
or older,
with moderate income level. This is a big
benefit.
So if you're higher income,
this is probably not going to benefit you
at all. But for the lower income or
moderate income, I should say, this is actually
gonna be a nice raise that you will
fill,
immediately.
(04:01):
Now one of the other things that we
have that was campaigned upon
was this whole no tax
on tips. So similar to Social Security,
the Trump administration was able to get you
partway there, but didn't simply declare that there's
no taxes on tips.
Very similar to how they didn't really declare
(04:21):
that there is no tax at all on
Social Security, but they did get you partway
there. So how does this work?
Well, from 2025
to 02/1928,
employees and self employed individuals,
in certain IRS defined tip obligate or tip
occupations,
(04:42):
such as a bartender or a waiter or
a waitress,
somebody working
valet or at a salon, things of that
nature that are used to getting tips,
they will no longer have to pay taxes
or they will get a deduction
for up to $25,000
per year of reported tips.
(05:02):
Now this will eliminate the federal tax, but
it does not eliminate
self employment tax and and all the miscellaneous
Social Security and things of that nature. So
it's still subject to that, but you don't
have to pay tax. So this is a
big deal for those that are,
working maybe as a waiter or a waitress
through college
(05:22):
or or as a young adult,
or perhaps as your long term career will
save you some money there.
So this is one. If it applies to
you, it's a big deal, and it can
save you several thousand dollars
for tax relief,
on tips. So the key here is there's
still gonna be limits. So if you are
(05:43):
very high income,
which is defined really as over a 150,000
for a single or 300,000
for a couple,
you are not gonna get the benefit of
the tips. There's a phase out that will
apply.
So, again, similar to Social Security, there's a
planning opportunity to try to time your income
so that you at least get that benefit
(06:03):
every other year
if you have income sources that allow us
to manipulate or plan around that.
So there are a number of other tax
advantages that we're not going through because I'm
hitting on the big ones right now.
So there are a lot of different ones
such as different interest deduction that you now
can get regarding autos and student loans and
(06:23):
things of that nature.
But we wanna hit on the biggest ones.
So I wanna move next
to a deduction that applies for business owners.
And this is the QBI
deduction or Qualified
Business Income Deduction
that many business owners have been enjoying.
And this is a 20%
(06:45):
deduction
off of your income.
So if you qualify for the QBI, this
can be very, very significant.
And it really helps businesses compete, especially small
businesses.
And this was set to expire, and it
now has been made permanent.
Now permanent in tax code language means until
(07:05):
a new tax law comes along and changes
it,
but it is permanent. So this is a
big opportunity
to take advantage of the QBI deduction.
Now there are a lot of different things
that the CPAs and tax attorneys that we've
been doing to try to make sure you
get that because there are rules here again
for
higher income wage earners as well as certain
(07:27):
professions.
So tax attorneys,
CPAs,
a number of consultants
are exempt from this, meaning they do not
get the benefit.
So the the trick here is to organize
some businesses so that you separate the professional
services out,
from the nonprofessional
(07:47):
services so that part of your business can
get this QBI deduction.
So that's one of the ways that you
can try to maximize that. So a lot
of planning opportunities here for the QBI deduction.
Now the next one I wanna discuss is
something that we call the SALT deduction.
Now the SALT deduction is basically
(08:09):
if you remember when Trump was in office
the first time, he didn't like the fact
that some
high tax states like California and New York
were charging their citizens very, very high taxes
compared to the rest of the country.
But then those citizens got to deduct it
off their federal taxes, so they were paying
less in taxes
(08:29):
because they were paying more to the state.
So this this law, which they refer to
as the SALT deduction,
limited the amount of state income taxes,
property taxes, and other types of taxes,
that you pay
that limited the amount that you could deduct
off of your federal income tax return. And
(08:50):
this was at a limit of $10,000,
which in states like ours in California here,
you can exceed $10,000
very, very rapidly just on your property taxes
alone.
So there's a number of strategies to get
this back in California involving entity planning
and how you will pay the tax at
(09:10):
the entity level
and therefore be able to avoid the SALT
limitation.
But countless individuals do not do this either
because they don't have the ability, because of
the wrong types of entities, or their planners
simply haven't showed them how.
So the new tax law, the new rule
raises this SALT deduction from 10,000
(09:31):
to $40,000.
So this is a very, very meaningful
boost because an extra $30,000
write off for somebody that has those kind
of state taxes,
can save them, of course, well over $10,000
in federal taxes.
So the federal cap is now $40,000,
but it will phase back down to 10,000
(09:54):
if your income gets too high.
So a lot of these rules is that
as your income is higher,
you're gonna be phased out of the benefits.
So this gives planning opportunities as to how
can we make somebody's income
low enough, at least on paper, to qualify.
And there's a variety of tools to do
that. So depending on how much income there
(10:15):
is, we wanna be able to take advantage
of the SALT deduction.
And, again,
doing the pass through entry
entity election
or the PTET
election
under what's called a b one fifty for
s corps and partnerships,
There are ways in which we can actually
even exceed the $40,000
(10:35):
deduction. So, again, this is an area that
definitely needs,
planning because it takes,
it it can give you a very large
deduction when done properly.
K. What was another opportunity that came in
that maybe was a little bit less talked
about?
And that I would say is the return
of 100%
(10:55):
bonus depreciation.
So this is now permanent for new and
used equipment.
Now I wanna point out that California does
not conform this at least as of yet.
So you don't get to deduct on the
California taxes necessarily, but you get to deduct
it on the federal. So California
operates under a different depreciation
schedule schedule.
(11:17):
But under the federal law, you now have
100%,
bonus depreciation, which is basically accelerated depreciation.
So let's say you buy a tractor for
your
for your business and you spent
$80,000
on it, you can deduct the entire thing
in that year. So if you have a
very high income year, it might be a
(11:39):
good idea to make some of those capital
expenditures
get the deduction.
And this may bring your income down low
enough to where some of the prior deductions
we've talked about may apply, and maybe you
can now qualify. So they all kinda stack
on top of each other.
So the key with tax planning is looking
at the whole picture and stacking strategies to
(11:59):
get you as many deductions as possible.
But the 100% bonus depreciation
is quite,
powerful.
Now the section one seventy nine expensing, which
which is, again, also
accelerated depreciation,
has doubled to 2 and a half million
dollars. So this is really,
(12:22):
in in addition to kind of, the bonus
depreciation or doubling of what you could normally
take, the section one seventy nine is what
really allows you to deduct everything
up to a limit. Now that limit is
2 and a half million, but you'll basically
be able to take 100 percent depreciation
on most items
up to 2 and a half million.
(12:42):
Now the California limit here is only 25,000,
so you may get a smaller deduction on
the California level.
Addition into that, if you'd have r and
d expenses, so some businesses do have,
expenses that qualify as r and d. Those
are fully deductible in the year that they're
incurred
at both the federal and the state levels.
(13:03):
So that encourages the research and development in
our businesses.
So you wanna schedule your capital spending so
that you can maximize the deductions, especially in
those high income years.
Now a couple other notable changes, we do
do a state, tax planning for a lot
of clients. So we wanna, just point out
that this is up to $15,000,000
(13:24):
per person is the current exemption.
So you can pass up to 30,000,000 for
a couple without having any estate tax issues.
So that gives us lots of room to
be able to maneuver
and to hopefully avoid estate taxes completely for
any estate under 30,000,000. And for larger estates,
the advanced planning techniques
gives us a lot of room to work
with to try to get even large $100,000,000
(13:47):
estates, down to a zero tax bill.
And then something called this qualified
small business stock,
which is a special,
provision that will allow 15,000,000 of capital gains
to be excluded if you qualify
in both under both federal law and California
law. So this is something when you sell
(14:09):
your business, if you qualify, you might be
able to exclude a tremendous amount of gains.
And then finally, the charitable
rules were loosened a little bit,
where you can start getting some deduction for
charitable.
Before, as you were doing your standard deduction,
it was much more limited.
So this is something if you're doing larger
charitable gifts, some charitable planning opportunities
(14:30):
exist there.
So these are our key
planning opportunities as we see them in this
tax act. Now, again, there are a lot
of other smaller rules that will also give
you tax benefits,
but we wanted to hit on the ones
that were the most
impactful.
So, hopefully, this gives you a little insight
(14:51):
and gives you some
at least spur some ideas to get together,
whether it's us or other tax planners that
you're working with. Get together and do your
tax plan
because the new tax bill does give you
some additional
tools in order to reduce that tax bill.
So happy tax planning. Hopefully, this was helpful,
(15:12):
and I will see you next time in
our next episode
at We Money Talk. Thank you, and have
a great day.
Thank you for listening to We Money Talk
with Terry Wheeler.
Be sure to click the follow button to
be notified as new episodes become available.
Information presented is for educational purposes only. No
(15:33):
listener should assume that any discussions or information
presented serves as the receipt of or substitute
for personalized advice from We Alliance Wealth Advisors
Inc or from any other investment professional and
is not intended as an offer
specific securities, investments, or investment strategies. We, Alliance
(15:54):
Wealth Advisors Inc, is not a law firm
or accounting firm, and no portion of this
podcast should be interpreted as legal, accounting, or
tax advice. Information Express does not take into
account your specific situation or objectives and is
not appropriate for every individual. Listeners are encouraged
to seek advice from qualified tax, legal, or
(16:14):
investment advisers to determine whether any information presented
may be suitable for their specific situation.
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.