The Deduction

← The Deduction17 Dec 2025 · 52 min

2025 Tax Review | What OBBBA Changed, the Impact of Tariffs, and What’s Next

2025 Tax Review | What OBBBA Changed, the Impact of Tariffs, and What’s Next17 Dec 202552 min

The One Big Beautiful Bill Act capped off a hectic year for tax policy. It extended key Tax Cuts and Jobs Act provisions, reshaped the outlook for 2026, and raised fresh questions about the deficit. In this episode, Kyle Hulehan and Erica York are joined by Daniel Bunn, President and CEO, and Jared Walczak, Vice President of State Projects, to break down what the law did, walk through our projections, and zoom out to other defining fights of 2025: Trump's "Liberation Day" tariffs, the S...