MAJOR Changes To Your Money (Roth IRAs, Tax Cuts, & US Economy)
Published: 2025-07-04
Status:
Available
|
Analyzed
Published: 2025-07-04
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 2
Prediction
Topic
Status
Trump tax cuts, originally set to expire at the end of 2025, will be permanent from 2025 through 2028.
"remember the Trump tax cuts from 2017? They were originally set to expire at the end of this year, but with this bill, they're now going to be permanent from 2025 through 2028."
Correct
A new deduction for interest paid on car loans will be available for new cars assembled in the US.
"There's going to be a new deduction for interest paid on car loans, but only for new cars that were assembled here in the US."
Incorrect
New caps on student borrowing will be implemented: $100,000 for graduate students and $200,000 for medical and law students.
"the big beautiful bill puts new caps on how much students can borrow. $100,000 for graduate students and $200,000 for medical and law students."
Correct
The Child Tax Credit will increase to $2,200 per child and will adjust for inflation by 2-3% annually starting in 2026.
"The child tax credit is getting a small bump from $2,000 per child to $2,200. And starting in 2026, it'll adjust for inflation each year by about $2 to 3% or so."
Correct
Medicaid will be cut by approximately $800 billion over 10 years, with childless adults needing to work at least 80 hours per month to remain enrolled.
"The big beautiful bill cuts about $800 billion from Medicaid over the next 10 years. ... if you have no children, you'll need to work at least 80 hours a month just to stay enrolled."
Pending
Up to 12 million Americans may lose health care access due to the Medicaid changes.
"the Congressional Budget Office also estimates that up to 12 million Americans could lose access to health care because of these changes."
Pending
SNAP benefits will adjust more slowly for inflation, and adults aged 18-55 with no children will need to work at least 80 hours per month to qualify.
"under this new bill, the benefits will now adjust more slowly for inflation. ... If you're an adult between 18 and 55 and you have no children, you'll need to work at least 80 hours a month to qualify."
Correct
The bill will reallocate funds from green energy programs to support oil, gas, and nuclear power.
"the bill shifts a lot of money away from the green energy programs and puts it into oil, gas, and nuclear power."
Correct
States will have the option to impose extra fees on utility bills for exceeding a certain monthly electricity usage limit.
"The bill also gives the state the option to charge us extra fees on utility bills if our electricity use goes above a certain monthly limit."
Pending
The backdoor Roth IRA strategy will be eliminated starting in 2026.
"starting in 2026, this bill will get rid of the backdoor Roth IRA strategy completely."
Correct
New Trump Retirement and Savings Accounts (TRSAs) will launch with no income limits for contributions. The federal government will contribute $1,000 to accounts for babies born between January 1, 2025, and December 31, 2028.
"There will be no income limits to contribute to this account. and the federal government will contribute $1,000 to an investment account for every American baby born between January 1st, 2025 and December 31st, 2028."
Incorrect
The bill is projected to increase the national deficit by over $3 trillion in the next 10 years.
"the Big Beautiful bill is projected to add over $3 trillion to the national deficit over the next 10 years."
Pending
The bill's developments are inflationary, particularly for assets. This will likely benefit those who own hard assets like Bitcoin, causing them to increase in value.
"The latest developments in these bills are fundamentally inflationary. ... The rich will get richer and the people without assets will most likely be left behind. This also kind of sets up the president and his family to really benefit from owning hard assets, especially assets like Bitcoin, because hard assets will go up much more in the long term as a result of all of this."
Correct