The One Big Beautiful Bill, the Republicans’ massive tax and spending package, has passed the House of Representatives, but now the Senate is making significant changes to the legislation. In this episode, host Mike Townsend takes a closer look at what’s in the bill and how it may affect taxpayers, investors, and the markets.

He examines the key differences between the House-passed bill and the Senate version, discusses the most contentious issues that are still unresolved, and looks at the timing for getting the bill across the legislative finish line. He also shares his perspective on how the companies and the markets see some good things in the bill but are also concerned about the longer-term implications of rising budget deficits and increasing the national debt.

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One Big Beautiful Bill: Implications for Investors