Trump tax policies small business strategy becomes critical when federal tax law changes affect deductions, rates, and compliance rules. In this episode, Tom Wheelwright sits down with Tax Foundation policy expert Scott Hodge to explain how potential tax reforms could influence entrepreneurs, investors, and closely held companies.

Tom and Scott break down what proposed policies actually mean in practice—not politics, but planning. They discuss how changes to business deductions, expensing rules, and government revenue needs may alter how small businesses hire, invest, and structure operations. The conversation also highlights where companies may face unexpected exposure and how working proactively with a tax professional protects cash flow.

You will learn how to prepare before new laws take effect, what conversations to have with your CPA now, and which strategies can help legally reduce taxes over the next year. The episode also explains how tax policy connects directly to economic growth, inflation pressures, and business investment decisions.

This matters now because tax law changes rarely affect everyone equally. Entrepreneurs who understand policy early can position their business structure, expenses, and timing to benefit—while those who wait often react too late and pay more than necessary.

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.
05:00 – Trump’s Promises: Which will be kept?
10:00 – Economic Growth Analysis: How Do We Move Forward?
16:14 – The Deficit: What or who will pay for tax reduction?
23:03 – Big Business vs. Small Business: Is the 20% deduction vulnerable?
26:21 – Addressing the spending side of the budget.
32:00 – Changes in the IRS Budget.
37:44 – What to do in the next year.

Looking for more on Scott Hodge?
Website: https://taxfoundation.org/about-us/staff/scott-hodge/
Books: “Taxocracy: What You Don’t Know About Taxes and How They Rule Your Daily Life”

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