Infrastructure Bill and Future Taxes

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The Story:

Let’s talk about what’s in the infrastructure bill and ultimately, what it means for you and your family. What kind of taxes might be coming in the future?

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The Show:

If you thought the last COVID relief bill was big, have you heard about the infrastructure bill and the potential tax increases to pay for it? On our last show we talked about the most recent stimulus package and what it entailed. This episode of the podcast we discuss the new infrastructure bill being proposed.

More than just roads and bridges, this bill is also related to climate change and renewable energy sources. Is there a demand for this though? You ever see an empty charge station while filling up your gas? Another common question is, how reliable are these forms of renewable energy?

Other items on the list include broadband internet, improving the water systems, free community college, and universal pre-k. Are these really infrastructure items? A lot of these things may be aspirational and political in nature. Will it actually make a major impact on the infrastructure when all is said and done?

At the end of the day, who is paying for this bill? How will it impact you and your family? What might it do to the step-up in basis? And will that really make the difference in paying for the bill? What other possible tax increases could occur?

While we think it’s important to plan and prepare for the future, we end the show by asking Don about the last time he experienced a bit of luck.

Listen to the entire episode or click on the timestamps below to hear specifics from today’s show.

[0:33] – March Madness is coming to an end.

[3:05] – What potential tax increases are we looking at?

[6:48] – How reliable are these renewable sources of energy?

[8:04] – What other items are included in this bill?

[10:36] – Who is paying for this bill?

[22:47] – Getting to Know You: What’s the luckiest thing that’s happened to Don recently?


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About Don:

Donald W. Cash – CPA, CFP® is an independent advisor. Don began his career in 1985 as an accountant after graduating Rutgers University. In 1990 he entered the field of Estate Planning with a concentration in long term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs. He advocates a holistic approach to Estate and Financial Planning as has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers. Don is married to Cathy and have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

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