Main Street Business

#581 Breaking News - Senate Tax Bill Text Released


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Breaking News - Senate Tax Bill Text Released. With both the House and Senate versions now on the table, which proposal offers bigger tax cuts? Which one could save you more money? I’m breaking down the differences between the House and Senate proposals and what’s changing and how it will affect you.

Intro & Why This Tax Bill Matters

00:00 - 00:02:25

Expiring Tax Provisions in 2026

00:02:25 - 00:03:32

Standard Deduction & Income Tax Rates

00:03:32 - 00:09:07

Child Tax Credit Breakdown

00:09:07 - 00:10:59

State and Local Tax (SALT) Deduction Debate

00:10:59 - 00:15:13

No Tax on Tips & Overtime Explained

00:15:13 - 00:20:14

Small Business Tax Breaks (QBI & Bonus Depreciation)

00:24:02 - 00:29:27

House vs. Senate: Final Comparison

00:29:27 - 00:30:25

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Main Street BusinessBy Mark J Kohler and Mat Sorensen