Dashboard: A Big Beautiful Win for Small Businesses?

In this episode of the 21 Hats podcast, Loren Feldman and Gene Marks discuss the potential impact of President Trump's bill on business owners, focusing on both the advantages and disadvantages. Gene outlines the bill's key provisions, including the permanence of the small business deduction, bonus depreciation, R&D costs, and increased estate tax exemption, all of which provide long-term certainty for businesses. They also discuss the indirect benefits related to tips and overtime wages. However, they address concerns about the potential increase in national debt and deficits, which could lead to inflation and higher interest rates. The conversation shifts to tariffs, with Gene defending his stance that business owners should have anticipated and adapted to the changing trade landscape, while Loren raises concerns about the chaotic implementation and its impact on businesses. Despite differing viewpoints, both hosts maintain a respectful dialogue, exploring the complexities and potential consequences of the bill and trade policies on the business community.