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Taxes, Debt & the Future: What the New Budget Bill Means for You
Manage episode 484262711 series 3418897
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Last week, House Republicans advanced a multitrillion-dollar tax and spending bill that could affect millions of American households. With the 2017 Tax Cuts and Jobs Act set to expire at the end of the year, this bill aims to make several key provisions permanent.
Join Chris Galeski and Beau Wirick as they unpack what’s in the bill, who it benefits, and what it means for the broader economy.
Note: This episode was filmed on May 22nd, 2025.
Tune in if you’re interested in the following:
• How the bill could affect your income and estate taxes in 2025 and beyond
• What the proposed $3.8 trillion in tax cuts and $1 trillion in spending cuts mean for the national debt
• Why this legislation matters for estate planners, retirees, and middle-income households
• What’s next as the bill heads to the Senate—and how fast things could move
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