2025 Tax Review | What OBBBA Changed

The One Big Beautiful Bill Act capped off a hectic year for taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policy. It extended key Tax Cuts and Jobs Act provisions, reshaped the outlook for 2026, and raised fresh questions about the deficit.

In this episode, Kyle Hulehan and Erica York are joined by Daniel Bunn, President and CEO, and Jared Walczak, Vice President of State Projects, to break down what the law did, walk through our projections, and zoom out to other defining fights of 2025: Trump’s “Liberation Day” tariffs, the Supreme Court challenge over presidential tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. power, and the growing wave of property taxA property tax is primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment. Property taxes are the single largest source of state and local revenue in the U.S. and help fund schools, roads, police, and other services. revolts across the states.

Links

Property There’s No Good Way to Pay for Property Tax Repeal See more
Property Tax Relief & Reform See more
Confronting the New Property Tax Revolt See more
The Good, the Bad, and the Ugly in the Big Beautiful Bill See more
The One Big Beautiful Bill Act Tax Policies: Details and Analysis See more
How Do Import Tariffs Affect Exports? See more
Trump Tariffs Will Raise the Cost of Food for Americans See more
How Does the OBBBA Impact Debt, Deficits, and Tax Revenue? See more

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