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OBBBA Reveals Why Tax Laws for the 1% Happen, and A Solution
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In this episode of the Sunlight Tax Podcast, I’m diving into the One Big Beautiful Act, a major tax law that passed this summer. I found a great, nonpartisan article from the Tax Policy Center Urban Institute & Brookings Institution, and with the authors’ permission, I’m going to share it with you here. It’s called “When Tax Laws Defy Public Opinion: What OBBBA Reveals.”
The piece lays out the short-term wins of this law, but also the long-term effects on things like healthcare and our social safety net. What really struck me is the gap between what people want and what lawmakers actually do—and how much wealth drives those decisions.
For me, the big lesson is that we need to frame fiscal issues in ways that connect with the public, and ultimately, push for campaign finance reform to get legislation that reflects real public priorities.
Listen and Subscribe Here
In this episode of the Sunlight Tax Podcast, I’m diving into the One Big Beautiful Act, a major tax law that passed this summer. I found a great, nonpartisan article from the Tax Policy Center Urban Institute & Brookings Institution, and with the authors’ permission, I’m going to share it with you here. It’s called “When Tax Laws Defy Public Opinion: What OBBBA Reveals.”
The piece lays out the short-term wins of this law, but also the long-term effects on things like healthcare and our social safety net. What really struck me is the gap between what people want and what lawmakers actually do—and how much wealth drives those decisions.
For me, the big lesson is that we need to frame fiscal issues in ways that connect with the public, and ultimately, push for campaign finance reform to get legislation that reflects real public priorities.
Also mentioned in this episode:
01:05 Introduction to the One Big Beautiful Bill Act
02:34 The Societal Impact of the Tax Bill
04:44 Public Opinion vs. Legislative Action
07:29 Disparities in Wealth and Policy Preferences
10:31 The Importance of Campaign Finance Reform
If you enjoyed this episode, please rate, review and share it!
Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.
Links:
Tax Policy Center Urban Institute & Brookings Institution Article: When Tax Laws Defy Public Opinion: What OBBBA Reveals
Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings
Check out my program, Money Bootcamp
Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.
Link to pre-order my workbook, Taxes for Humans: The Workbook
New Tax Bill: No Tax on Tips, No Tax on Overtime, and New Deduction for Seniors
Listen and Subscribe Here
In this episode, I break down the One Big Beautiful Bill Act and what it means for taxpayers like you. I explain the campaign promises written into this bill—including the “no tax on tips” provision, the “no tax on overtime” benefit, and the new deductions available for seniors.
My goal is to help you clearly understand how these changes may impact your taxes, your income, and your financial planning. If you want to stay ahead of new tax laws and make the most of these opportunities, this episode is for you.
Listen and Subscribe Here
In this episode of the Sunlight Tax podcast, I break down the One Big Beautiful Bill Act and what it means for taxpayers like you. I explain the campaign promises written into this bill, including the “no tax on tips” provision, the “no tax on overtime” benefit, and the new deductions available for seniors.
My goal is to help you clearly understand how these changes may impact your taxes, your income, and your financial planning. If you want to stay ahead of new tax laws and make the most of these opportunities, this episode is for you.
Also mentioned in today’s episode:
03:13 Campaign Promises and Tax Deductions
06:15 Understanding the No Tax on Tips Provision
19:52 Exploring the No Tax on Overtime Provision
Takeaways
The One Big Beautiful Bill Act (OBBBA) was passed on July 2nd.
The bill includes several campaign promises related to tax deductions.
A new higher standard deduction for seniors is introduced.
The no tax on tips provision benefits higher income tipped workers.
Only qualified tips are eligible for the new deduction.
The no tax on overtime provision allows deductions for overtime pay.
The deductions expire in 2029, providing limited time benefits.
Tax equity is a significant concern with the new provisions.
The bill's provisions are retroactive to January 1, 2025.
If you enjoyed this episode, please rate, review and share it!
Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.
Other Sunlight Tax podcast episodes about OBBBA:
Unpacking Trump’s New Tax Law: What You Need to Know About the One Big Beautiful Bill Act
Breaking Down Trump’s New Tax Law: Cars, New Loan Interest Deduction, and Expiring Energy Credits
New Tax Bill: Student Loans: New borrowing limits, changes to repayment plans
Links:
Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.
Link to pre-order my workbook, Taxes for Humans: The Workbook
Get your free visual guide to tax deductions
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