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The Latest Breaking News from Tax Cuts

Calls grow to banish 'anti-democratic' bracket creep

Economists have backed a teal proposal to index income tax thresholds to end bracket creep, which is placing an increased burden on working Australians.

AAP · Mar 4, 2025

How Republicans plan to use 'weird accounting' to pass $5 trillion tax cuts

Not every Republican politician is on board.

Fortune · Mar 3, 2025

Texas House and Senate lawmakers have laid out their property tax cut proposals. How do they compare?

House and Senate lawmakers plan to spend at least $6 billion on property tax cuts, but haven't yet agreed on how much relief should go to homeowners over businesses.

The Texas Tribune · Mar 3, 2025

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read the most diverse news in one place.

AOC calls Elon Musk a ‘leech’ on the public as their tit-for-tat feud continues

‘No matter how many billions he gets in tax cuts and government contracts, it will never be enough for him,’ Alexandria Ocasio-Cortez said

The Independent UK · Mar 2, 2025

Medicaid recipients fear ‘buzzsaw cuts’ for Trump’s agenda: ‘We’re not going to be alive forever’

To pay for $4.5tn in tax cuts and mass deportations, the GOP plans to roll back the federal healthcare insurance program

The Guardian - US · Mar 1, 2025

US inflation has increased since Trump took office – why prices are unlikely to come down soon

The cost of living crisis, which saw inflation in the US peak at a four-decade high of 9.1% in 2022, played a significant role in determining the outcome of last November’s presidential election.

The Conversation · Feb 28, 2025

Trump’s promised laundry list of tax goodies gets a reality check

ANALYSIS: ANALYSIS: Trump promised no taxes on tips, Social Security or overtime. Eric Garcia writes that the math does not add up

The Independent UK · Feb 28, 2025

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Why AT&T's CFO is hoping Congress will extend Trump's corporate tax cuts

Good morning. The corporate tax provisions of the Tax Cuts and Jobs Act (TCJA) are set to expire this year. And Pascal Desroches, AT&T’s CFO and senior executive vice president, says that’s a cause for concern. President Trump will need to extend the provisions in of the TCJA, the signature…

Fortune · Feb 28, 2025

Senate To Address Tax Cuts In Revised Budget Framework

Senate and House Republicans are working to align on tax cuts within a revised budget framework.

House Republicans Pass Budget Blueprint For Tax Cuts

House Republicans pass budget blueprint for Trump's agenda, focusing on tax cuts and spending reductions. Challenges lie in deciding where to make cuts and...

Medicaid work rules have increased coverage loss, not employment - Roll Call

Work requirements have been part of the discussion as House Republicans scour for ways to pay for President Trump’s $4.5 trillion tax cuts.

Roll Call · Feb 27, 2025

Senate Majority Leader Thune Evaluating Deep Spending Cuts Proposal

Senate Majority Leader John Thune discusses Senate Republicans' evaluation of House budget cuts and focus on permanent tax cuts.

Stocks Post Modest Gains Ahead of Nvidia's Earnings

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.22%. March E-mini S&P futures (ESH25 ) are up +0.09%, and March E-mini Nasdaq futures...

Barchart · Feb 26, 2025

Stocks Climb Ahead of Nvidia's Earnings Results

The S&P 500 Index ($SPX ) (SPY ) today is up +0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.51%. March E-mini S&P futures (ESH25 ) are up +0.29%, and March E-mini Nasdaq futures...

Barchart · Feb 26, 2025

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The Independent UK · Feb 26, 2025

Trump’s agenda passed its first hurdle. Now comes the hard part

ANALYSIS: House Speaker Mike Johnson twists enough arms. But, Eric Garcia warns, the internal disputes between House and Senate Republicans remain

Latin Times · Feb 25, 2025

Democrat Confronts Republican Promoting Budget Resolution as 'Defense of Blue Collar Workers': 'Read the Room'

House Republicans push their 2025 Trump-backed budget plan, proposing $4.5 trillion in tax cuts while slashing $2 trillion from federal aid programs, with heated clashes between Rep. Brian Jack and Rep. Jim McGovern as Democrats push back ahead of a crucial vote.

Reason · Feb 25, 2025

The House GOP Budget Blueprint Promises More Borrowing, More Debt, and Not Enough Spending Cuts

"If the Republican budget passes, the deficit gets worse, not better," says Rep. Thomas Massie. He's right.

The Texas Tribune · Feb 24, 2025

Texas House unveils plan to cut property taxes, setting up fight with Senate

Lawmakers will debate how to spend $3.5 billion in proposed tax cuts, a legislative priority for Republican leaders.

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news in one place.

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Kiplinger · Feb 21, 2025

New Iowa Income Tax Rate for 2025: What It Means for You

A new tax law lands Iowa among the top ten states with the lowest income tax rates.

Roll Call · Feb 21, 2025

Senate adopts budget framework for border, defense package - Roll Call

Senate Republicans finally pushed through their blueprint for the first phase of President Donald Trump's legislative agenda early Friday.

Roll Call · Feb 20, 2025

Senate plows through overnight budget 'vote-a-rama' - Roll Call

The Senate churned through amendments in a marathon voting session Thursday night into early Friday on a GOP-drafted budget resolution.

Senate Republicans Push Forward With 0 Billion Budget Bill

Senate Republicans are moving forward with a 0 billion budget bill for border security and deportations amidst challenges from Trump's preferences and D...

Roll Call · Feb 19, 2025

House GOP group wants to pump brakes on big spending cuts - Roll Call

A group of House Republicans raised alarms about the minimum $1.5 trillion in spending cuts required by the chamber’s budget resolution.

Salon · Feb 16, 2025

Medicaid might pay for Trump's tax cuts

House Republicans want to pay for their tax cuts by cutting social services used by the working class

House Budget Committee Passes GOP Budget Blueprint

House Budget Committee passes budget aligning with Trump's agenda, focusing on tax cuts and program cuts.

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