#587 Trump Signs The Big Beautiful Bill: What This Means for Tax Planning
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 15 July 2025
⏱️ 32 minutes
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| 0:00.0 | Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen. |
| 0:05.3 | Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations, |
| 0:12.1 | making them the leading tax and legal experts in the nation. Together, they'll unpack the most |
| 0:17.0 | complex tax, legal, and financial strategies, crucial for saving more, stressing less, |
| 0:22.2 | and building generational wealth. Today, they're your personal advisors, ready to break it down |
| 0:28.5 | for you and make the tax and legal game easier than ever. Here is Mark and Matt. |
| 0:34.5 | We're leaving millions of dollars on the table with just simple strategies on a year-to-year basis. |
| 0:39.5 | The highest rate is going to stay fixed at 37%. If this bill didn't pass, it was going to 39.6. |
| 0:45.2 | Even if you were like in the current 12% bracket, you were going up to 15%. |
| 0:49.2 | This wasn't just the high bracket going down. This is affecting everyone across the different tax |
| 0:53.8 | brackets. Whether you're middle income, low-income, higher income, you're going to see a tax benefit from down. This is affecting everyone across the different tax brackets. Whether |
| 0:54.4 | your middle income, low income, higher income, you're going to see a tax benefit from them. |
| 0:57.7 | This is the crime-dill-cram of the whole bill for you business owners and investors. |
| 1:05.2 | Welcome everybody to the Main Street Business Podcast with your host Mark Kohler and Matt |
| 1:09.4 | Sorenson. This is a big beautiful day, |
| 1:12.0 | and it's the big beautiful bill. Finally, the fat lady sings. It's all over. The sausage is made. |
| 1:18.3 | You can enjoy that hot dog now. You don't have to see it being made in Congress anymore. |
| 1:22.6 | It was disgusting. But it's finally done. The bill is final. Matt, this has got to be a big day for you. |
| 1:28.2 | Oh, I'm so excited. |
| 1:29.0 | You know, like the House passed it by one vote. |
| 1:31.7 | And then the Senate was like, we're going to make it even closer and go 50-50. So the vice president has to vote on this thing to make it pass. And then, of course, Trump signed it right before the 4th of July, before you actually ate that hot dog because you were so enthralled with all of this, you know, sausage making. |
| 1:50.2 | So, but there is some good news in this bill. |
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