Our Take on Trump’s Proposed Tax Changes Plus Fed Cuts Rates Another 25 basis points

Welcome to another episode of Wealth Wisdom, the podcast that breaks down today’s economic news to help you make informed financial decisions.

In this episode, we break down the big events shaking up the financial world. Trump’s 2024 Election Victory: We look at the impact of Trump’s re-election on the markets, which have seen significant gains, and discuss what his economic policies might mean for investors.

Fed Rate Cuts and Inflation Concerns: We analyze the Fed’s recent 25 basis-point rate cut, considering both the benefits and potential risks of reigniting inflation.

New Tax Proposals and Trumponomics: Eric and Bill break down Trump’s proposed tax policies, from cutting income tax to eliminating taxes on Social Security benefits, and consider the feasibility and impact of these ideas.Small- and Mid-Cap Stock Opportunities:

With market trends favoring small- and mid-cap companies, we discuss why these may be attractive investment options right now, especially as tariffs and deregulation reshape the playing field.

Tariffs and U.S. Manufacturing: We explore the potential resurgence of American manufacturing in response to proposed tariffs and the impact this might have on inflation and employment.

Wealth Wisdom aims to provide you with the insights and tools to navigate financial trends thoughtfully and confidently. Through discussions like these, we aim to make complex topics more accessible and actionable.Join us as we continue to explore the many facets of financial growth and well-being.

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Time Stamps:

00:00 Introduction and Trump's 2024 Election Win

00:35 Market Reactions, Economic Policies, and Tax Cuts

02:00 Proposed Tax Changes: Tips, Overtime, and Social Security

05:45 Debating Income Tax Reform and Feasibility Challenges

10:15 Incentivizing Investments and Double Taxation Issues

17:30 Trust in Government Spending and Efficiency

22:15 Unrealized Capital Gains and Tax Code Debates

26:30 Flat Tax vs. Progressive Tax: Pros and Cons

29:45 Domestic Manufacturing Incentives and Tariff Impacts

31:35 Market Opportunities: Small & Mid-Cap Stocks

36:30 Google’s Competitive Landscape and Market Trends

42:05 Inflation, Tariffs, and Economic Strategy

44:15 Addressing Government Debt and Spending Concerns

47:50 Social Security’s Role and Future

49:30 Closing Thoughts and Listener Q&A