2025 tax law changes will directly affect how business owners plan, invest, and manage cash flow.

In this episode, Tom Wheelwright—Robert Kiyosaki’s CPA—speaks with Tax Foundation Director of Policy Analysis Garrett Watson about what Congress is considering and how it may reshape the tax landscape. Rather than reacting after laws pass, Wheelwright and Watson explain how entrepreneurs and investors can plan ahead.

They break down how the legislative process works, why deficit concerns influence tax policy, and which provisions policymakers are likely to modify. The conversation focuses on practical strategy, not speculation, so business owners understand what to watch and how to prepare.

You will learn:

• How new federal tax proposals may impact deductions and business structure
• Why the federal deficit influences tax policy decisions
• What lawmakers are evaluating in the 2025 legislative package
• How early tax planning reduces legal tax liability
• How investors and entrepreneurs should position themselves now

This episode matters because tax law changes reward the prepared. Entrepreneurs who plan before policy shifts protect cash flow, improve investment decisions, and maintain control of their financial future.

Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

00:00 – Intro.
02:20 – Will tax reductions actually generate growth?
06:11 – 2017 vs. 2025: Tax Growth & Tax Reduction Projections
14:04 – Investment or consumption?
20:25 – Extending the 2017 Law
24:51 – Investment Provisions
28:45 – Corporate Tax Rate Deduction
32:41 – State Local Tax Deduction
39:19 – Taxing Tips
44:44 – Other Taxes
51:36 – ERTC

Looking for more on Garrett Watson?
Website: taxfoundation.org

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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.