Garrett Watson, Director of Policy Analysis at the Tax Foundation, shares insights on the impending 2025 tax law changes and their potential impact on individuals and businesses. He discusses the efficacy of tax reductions in stimulating growth and evaluates the legacy of the 2017 tax reforms. The conversation also delves into the tension between investment and consumption, and how crucial deductions, like SALT and child tax credits, will shape financial strategies moving forward. Staying informed is essential as these legislative shifts approach.

Garrett Watson, a Senior Policy Analyst at the Tax Foundation, shares deep insights on the implications of tax changes under the Trump administration. He explores potential expirations of tax cuts from 2017 and their impacts on various taxpayers. The discussion covers key topics like bonus depreciation, SALT deductions, and the tax landscape for real estate investors. Watson emphasizes the importance of strategic financial planning in navigating these upcoming tax reforms and highlights opportunities for investment in areas like self-storage.