Summer is now full on, and with our great nation’s 249th birthday just around the corner, it’s the perfect time to savor the season. Whether you’re cooling off by the pool, enjoying an ice cold lemonade—or, in my case, an Arnold Palmer—battling it out on the pickle ball courts, or simply cheering on a child or grandchild at a ballgame, I hope you’re finding joy in the simple pleasures this season brings.
For the music lovers among us, perhaps it’s the sound of an outdoor concert or a performance under the stars (and fireworks) with friends, or that special someone that makes your summer sing.
However you choose to celebrate, I hope this July 4th provides a moment to reflect on how blessed we are to live in this great nation, enjoying the fruits of freedom and the opportunity to pursue our own unique dreams and goals.
On the business side, we’re keeping a close eye on Washington as the Trump Administration’s tax and spending proposals continue to make headlines. Here’s a quick summary of the top proposals and their potential impacts:
Individual Income Tax Rate Adjustments:
- Proposals to lower certain marginal tax rates, which could mean more take-home pay for many Americans if passed.
Capital Gains Tax Reform:
- Potential for reduced capital gains tax rates, especially for long-term investments, which may benefit investors and retirees.
Corporate Tax Rate Changes:
- Discussions around further lowering the corporate tax rate to stimulate business investment and job growth.
Estate Tax Exemption Increases:
- Proposals to raise estate tax exemptions, potentially allowing more wealth to be transferred to heirs tax-free.
Increased Infrastructure Spending:
- Plans for significant investment in infrastructure, which could create jobs and boost sectors like construction and materials.
Wishing you a safe, joyful, and memorable Independence Day—may it be filled with family, friends, and gratitude for the freedoms we enjoy.
Dad Joke of the Month
Why did the golfer bring two pairs of pants? Because he got a hole in one!
Market and Economic Data Update
Data just below is as of June 30, 2025
Source: Clearnomics
