Government Shutdown: What It Really Means for Your Business - Tom Wheelwright, John Diamond

With a record government shutdown in our midst, what are the actual causes, snowballing effects, and expert solutions? Join Tom Wheelwright as he explores the extended shutdown’s growing impact on- and needed reform for- every citizen with guest and senior director of the Center for Tax and Budget Policy, John Diamond.

John W. Diamond, Ph.D., is the Edward A. and Hermena Hancock Kelly Senior Fellow in Public Finance and the senior director of the Center for Tax and Budget Policy at the Baker Institute, an adjunct professor of economics at Rice University and CEO of Tax Policy Advisers, LLC. His research interests are federal tax and expenditure policy, state and local public finance, and the construction and simulation of computable general equilibrium models. His current research focuses on the economic effects of corporate tax reform, the economic and distributional effects of fundamental tax reform, taxation and housing values, public sector pensions, and various other tax and expenditure policy issues.

In this episode, discover why enhanced premium tax credits and the Big Beautiful Bill are big players in this shutdown, the exponential economic pressures on the government and its citizens, and expert solutions for the tax system.

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.
02:09 - Effects of Record Government Shutdown.
05:19 - Issues: What is Truly Driving the Shutdown?
11:14 - Outcome: What Happens Now.
14:09 - Air Traffic Control.
18:13 - Tax Impact: Budget & Inflation.
23:10 - Reform: The Rich Really ARE Getting Richer.
26:28 - Index Retirement Age.
28:49 - Advice for Business Owners.
31:25 - Closing Statements.