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The Latest Breaking News from Tax Cuts

Trump Names Hedge Fund Manager Scott Bessent As Treasury Chief

US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.

International Business Times

Louisiana lawmakers pass income and corporate tax cuts, raising statewide sales tax to pay for it

Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, a mixed bag of success for Gov. Jeff Landry, whose original tax revision plans faced resistance from lawmakers and lobbyists amid hard fiscal realities

The Independent UK

Incoming Treasury Secretary Faces Complex Economic Challenges

The incoming Treasury secretary faces critical tasks like managing debt ceiling, tax cuts, and Trump's economic plans.

Top News

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Markets Rally After US Bounce As Nvidia Comes Into Focus

Equities have seen big swings since Trump's election at the start of the month, with optimism over pledged tax cuts and deregulation offset by worries they could also reignite inflation, along with threatened import tariffs.

Latin Times

Tories demand almost £1 billion in tax cuts from SNP's Scottish Budget

THE Conservatives have proposed almost £1 billion worth of tax cuts for the upcoming Scottish Budget ...

The National (Scotland)

Senate Minority Whip John Thune Outlines Republican Agenda Priorities

Senate Minority Whip John Thune to prioritize Trump's immigration agenda, revive tax cuts, enhance Senate transparency, and confirm nominees.

Top News

How a Republican trifecta makes way for Trump’s rightwing agenda

GOP majority in House and Senate could give the president-elect ability to extend tax cuts and roll back Biden-era laws

The Guardian - US

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Are you worried about inflation? Then fear Trump, not Rachel Reeves

The chancellor’s budget may have a small effect on UK interest rates. But US tax cuts and tariffs could have international repercussions

The Guardian - UK

Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth − but there’s a cost

The economy was one of their top issues as voters went to the polls this year. So what does Donald Trump’s return to the White House – as well as Republican gains in Congress – mean for the U.S. economy?

The Conversation

From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off?

There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates

The Guardian - UK

With Trump's election, extending expiring tax cuts should be 'easy'

But his other economic proposals could offset the savings.

Fortune

Trump To Focus On Extending Tax Cuts In Second Term

Former Treasury Secretary Mnuchin discusses Trump's approach to tariffs and tax cuts.

Top News

Trump's Win Drives Up Bond Yields To Highest In Months On Deficit Fears

The president-elect's campaign promises of tariffs and tax cuts are expected to drive up the debt and stoke inflation

International Business Times

Household spending 'surprisingly soft' despite tax cuts

Australians are still watching their pennies even as consumers report more confidence in the future state of their finances.

AAP

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The Conversation

US election: how control of Congress will matter for the new president

Kamala Harris and Donald Trump are promising big initiatives if elected: tax cuts (and hikes), lots of giveaways, and major pieces of legislation bearing on issues such as abortion, healthcare, the environment and foreign military assistance. Regardless of who wins the presidency, the one thing all these items have in…

Top News

Trump And Harris Propose Contrasting Economic Plans For Voters

Former President Trump and VP Harris present contrasting economic plans focusing on affordability and growth. Harris' agenda endorsed by Nobel laureates, e...

The Guardian - UK

From tax cuts to breaking the economy: five UK budgets that made a difference

As Rachel Reeves prepares to unveil her measures, we look at how five of her predecessors broke the mould

Evening Standard

OPINION - Rachel Reeves rolls the pitch for her 'maxi-Budget'

What is the opposite of a mini-Budget? A maxi-Budget? Whatever it is, that is what the chancellor is preparing to deliver next Wednesday. But the biggest difference between Rachel Reeves and Kwasi Kwarteng is not substance per se. Indeed, Reeves also intends to borrow more in order to boost growth,…

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AAP

Australia urged not to pull the plug on hybrid tax cuts

Sales of plug-in hybrid vehicles are accelerating in Australia as a tax deadline approaches, but some automotive groups say an extension is needed.

Fortune

23 Nobel Prize winners push for Kamala Harris, calling her a 'better steward of our economy' than Trump

Economists say that tariffs and tax cuts make Trump’s plan weaker than Harris’s.

Kiplinger

How Much Do Voters Care About Taxes?

A new poll reveals that taxes may not be top of mind for many people this election cycle.

Kiplinger

Five Ways the Election Could Change Your Retirement

From taxes to Social Security and beyond, the election could change your retirement depending on which candidate wins. Who takes the House and Senate also matters.

The Canberra Times

Liberals rates policy would cost $100m more than party expected

But opposition's payroll tax cuts cost 40% less than Libs' estimated.

Roll Call

Trump goes big on tariffs, floats business relocation penalty - Roll Call

Former President Donald Trump doubled down on his plan to impose heavy tariffs on imports to help pay for tax cuts.

Roll Call

Tax veterans see protracted standoff over expiring breaks - Roll Call

The growing possibility of divided government next year has some predicting the 2025 tax fight could stretch into 2026 and beyond.

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