Market Selloff, Decoding the OBB, and Navigating New Tax Limits (SALT, Deductions, and Estate Taxes) - 10/11/2025

John Berkley analyzes the sharp market selloff, largely triggered by tariff threats between the U.S. and China. The discussion moves to decoding the "One Big Beautiful Bill" (OBB). John explores crucial tax changes for investors, including the temporary increase in the SALT (State and Local Tax) limit up to $40,000, which enables the "leapfrog" itemizing strategy. Plus, understand new above-the-line deductions and the latest phase-outs that primarily benefit lower and middle-income earners. We also clarify the increased estate tax exclusion limits for 2025.