Marketplace All-in-One What the GOP tax bill means for businesses
Jun 13, 2025
Explore how the GOP tax bill impacts small and medium-sized enterprises, including immediate expensing and the controversial pass-through deduction. Discover the potential economic fallout of geopolitical tensions, specifically the spike in oil prices and market volatility following Israel's military actions against Iran. Delve into the tax bill's effects on households, revealing disparities that could aggravate financial strain on low-income families while potentially benefiting wealthier ones. Tune in for insights on both business and personal finance dynamics.
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Market Volatility After Israel-Iran Conflict
- Israel's attacks on Iran's nuclear sites have led to global market volatility, with stock indices down and oil prices surging over 10%.
- The Middle East region's significance as a major oil supplier raises concerns over potential disruption to world oil supply.
Trump on Immigration Raids Impact
- President Trump acknowledged immigration raids are impacting industries like food supply and hotels, with longtime workers being lost.
- Despite this, he continued aggressive rhetoric urging illegal immigrants to self-deport or face removal by ICE.
GOP Tax Bill's Mixed Business Impact
- The GOP tax bill proposes significant benefits for small and medium businesses, including doubling expensing limits and enhancing pass-through deductions.
- However, it threatens to cut many green energy tax credits, affecting small businesses involved in solar installations and energy efficiency.