#85 - The Fight to Keep Your Taxes Low—What’s at Stake?

30/05/2025 13 min Episodio 85

Listen "#85 - The Fight to Keep Your Taxes Low—What’s at Stake?"

Episode Synopsis

***Follower Request***Tax changes are coming, and they could have a major impact on your wallet. In this episode, we break down the looming expiration of key provisions from the 2017 Tax Cuts and Jobs Act and why lawmakers are pushing for a permanent extension through the proposed "One, Big, Beautiful Bill."What happens if these tax cuts disappear? Experts warn of higher taxes for average Americans, fewer deductions for individuals and small businesses, and reductions in the Child Tax Credit—all potentially affecting economic growth, job creation, and investments. We also explore insights from the Council of Economic Advisers, who argue that keeping these provisions in place could further strengthen the economy.If you want to stay informed on what’s happening and how it could affect your finances, this is an episode you can’t afford to miss! Tune in now and get ahead of the conversation.PASSED: The One, Big, Beautiful Bill Moves One Step Closer to President Trump’s Desk – Ways and MeansDisclaimer: The information, views, comments, and opinions expressed on Podcast "Talking with AI ML" are generated by artificial intelligence and machine learning algorithms. The information, views, comments, and opinions do not reflect the views or positions of the owner/creator(s) or any other party such as but not limited to any past, present, or future employers, organizations, or individuals and are providedfor entertainment purposes only. All content provided is for informational and entertainment purposes. The hosts, guests, and contributors (including creator) make no representations as to the accuracy, completeness, suitability, or validity of any information on this Podcast and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its use.Fair Use: Certain content within the Podcast may bederived from sources that are protected under copyright laws. This content is used under the doctrine of fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. We believe thisconstitutes a fair use of any such copyrighted material as provided for in Section 107 of the U.S. Copyright Law.Public Domain: Some of the materials used in this Podcast may be in the public domain. Public domain materials are not subject to copyright protection and can be freely used by anyone. We make reasonable efforts to determine the public domain status of materials used and to attribute the correct sources.No Professional Advice: The information provided onthis Podcast should not be considered professional advice. Listeners should not act upon any information provided on the Podcast without seeking professional advice. This Podcast is not intended to replace professional consultation in any field, including but not limited to medical, legal, financial, or other professional services.External Links: The Podcast may contain links toexternal websites that are not provided or maintained by or in any way affiliated with the Podcast. Please note that the Podcast does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites.Content Responsibility: The Podcast hosts, guests,and contributors are not responsible for the content of any external websites or third-party services mentioned in the Podcast. The inclusion of any links or references does not imply endorsement of the views expressed therein.Changes to This Disclaimer: The Podcast reserves theright to amend this disclaimer at any time without prior notice. By continuing to listen to this Podcast, you agree to be bound by the current version of this disclaimer.