The 21 Hats Morning Report

The 21 Hats Morning Report

A Big Beautiful Win for Small Businesses?

In this week’s Dashboard podcast, Gene Marks details the tax changes he’s happiest about in President Trump’s big beautiful bill.

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Loren Feldman
Jul 07, 2025
∙ Paid

Good Morning!

Here are today’s highlights:

  • With the Liberation Day tariff pause due to expire, Trump is threatening new tariffs.

  • Employers will have to make adjustments to their payroll systems to comply with the no-tax-on-tips rule.

  • Brands are trying to do influencer marketing without the influencers.

  • Should I fire this employee or let them resign?

THE 21 HATS PODCAST: DASHBOARD

A Big Beautiful Win for Small Businesses? That’s what Gene Marks thinks. In this week’s conversation, Gene lists the tax changes in President Trump’s big beautiful bill that he’s happiest about, while emphasizing that what he’s really happiest about is the tax certainty that passage of the bill creates for business owners. Gene also explains why he thinks owners who complain about Trump’s tariffs have no one to blame but themselves and why he’s not all that concerned about the uncertainty the tariffs are generating, including what will happen this week when Trump’s Liberation Day pause expires.

  • You can subscribe to the 21 Hats Podcast wherever you get podcasts.

Listen to Dashboard

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