Major Changes to Your Money (Retirement, Tax Cuts, & US Economy) - Video
In this 6 July 2025 video, host Michael Bordenaro talks about the Big Beautiful bill, which is anticipated to increase the US national debt by over $3 trillion in the next 10 years and no one seems to bat an eye. There are also a ton of changes that are happening to the law as well as entitlement programs which you need to know about.
https://youtu.be/LVqGBWjoP3A
00:00 Overview of the Big Beautiful Bill of 2025
00:43 US Debt Ceiling Increase: A Looming Financial Crisis?
02:29 Tax Relief: Salt Deduction Cap Raised
04:12 Controversial Medicaid Changes: Work Requirements and Coverage Impact
05:08 SNAP Program: New Work Requirements
05:53 Increased Spending: Homeland Security and Immigration
07:25 Green Energy and EV Tax Credit Rollbacks
08:44 Child Tax Credit and Changes for Workers with Tips
10:24 $1,000 Savings Accounts for Newborns: Pointless or Practical?
11:30 Gambling Loss Deduction Changes
12:06 Controversial New Deduction for Interest on Car Loans
13:29 Changes Impacting Student Loan Borrowers
14:57 Economic Impact: Deficit, Inflation, and Real Estate
18:02 Mortgage Interest Deduction and Renters’ Rights
19:22 Social Security and Federal Income Taxes
20:32 Disproportionate Favoritism and Fair Taxation
19:44 One last opinion
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