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The Latest Breaking News from Tax Cuts

Trump pitches tax write-off for auto loans in Detroit speech - Roll Call

Former President Trump proposed making interest on car loans tax-deductible Thursday in the latest of a series of tax cuts he has promised.

Roll Call

Trump tax plan helps top 5%, hurts 95%

"This is an enormously redistributive tax plan from low- and middle-income families to the wealthiest Americans"

Salon

'Correct the record before you pathetically withdraw': Tax stoush gets heated

Libs claim payroll tax cuts closer to $100m in barney over costings.

The Canberra Times

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Economists have blasted Trump's jobs and taxes plans as dangerous. Someone better tell the public

Though Trump often touts his economic experience as a successful businessman, economists worry his plans for a second term would be harmful, Ariana Baio reports

The Independent UK

Household spending flat despite retail boost, tax cuts

The economy is still struggling along with flat household spending despite an uptick in retail turnover and income tax cuts beginning to flow.

AAP

Fact-checking the Vance-Walz debate - Roll Call

Despite a mostly civil debate between Sen. JD Vance and Minnesota Gov. Tim Walz, the two disagreed repeatedly on policy and on the facts.

Roll Call

Gov. Walz Supports Harris's Economic Plans For Middle Class

Gov. Walz and VP Harris collaborate on economic initiatives for housing affordability and tax cuts.

Top News

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The majority of investors with over $1 million are voting for Kamala Harris

Trump is famously popular among high-net-worth individuals for his proposition to extend and expand his 2017 Tax Cuts and Jobs Act.

Fortune

Trump To Outline Plan For Lowering Taxes For Businesses

Trump's pro-business initiatives include tax cuts and incentives for companies to relocate to the US.

Top News

Outside a Trump rally in Pennsylvania, young people in MAGA hats say they’re scared for their future

‘I’m scared for my future. I want my future economy to thrive,’ 20-year-old Kelsey Moyer tells Richard Hall, as she lines up with others to see a former president who’s running on tax cuts

The Independent UK

Trump Proposes Tax Cuts Targeting Various Voter Groups

Former President Trump's tax cut proposals and their potential impact on the federal budget and programs like Social Security and Medicare.

Top News

The TCJA: Key Facts on the Tax Cuts and What's Extended for 2025

How many of the extended TCJA provisions in the so-called 'One Big Beautiful Bill' (OBBB) will impact your wallet?

Kiplinger

Vice President Harris Welcomes Federal Reserve Rate Cut

Vice President Kamala Harris supports the Federal Reserve's rate cut to address inflation and pledges to reduce costs for consumers through tax cuts and an...

Top News

Chief Senate GOP tax writer floats alternative cost estimate for 2025 package - Roll Call

Sen. Michael D. Crapo hinted Tuesday at a possible workaround for the ballooning price tag attached to extending the 2017 tax cuts.

Roll Call

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Capital & Main

Why Some Silicon Valley Billionaire Bros Want Trump to Be the ‘CEO of America’

The former president has attracted growing support from tech investors, who are seeking favorable tax policies and more deregulation that could widen inequality.

The Conversation

Trump’s tax cuts led to a $20B reduction in charitable giving within a year

Americans give about half a trillion dollars a year to charity. That money helps fund services for the homeless, fight diseases, run museums and other organizations doing worthwhile activities. Some donations, such as those supporting religious congregations, are expenditures that the U.S. government couldn’t legally make even if it wanted…

Top News

Presidential Debate Highlights: Economy And Tax Plans

Recent debate highlighted contrasting economic policies with a focus on uplifting the middle class and criticism of tax cuts for the wealthy.

Kiplinger

Six New Tax Credits in Harris' Economic Plan: What to Know

Democratic nominee, Vice President Kamala Harris has proposed several tax breaks.

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Top News

Trump Outlines Economic Proposals, Vows Sweeping Tariffs If Re-Elected

Former President Trump outlines economic agenda, proposing tariffs, tax cuts, and efficiency measures, setting the stage for a dynamic debate on economic p...

Top News

Trump Unveils Economic Plan For Potential Second Term

Former President Trump discusses his economic policies, focusing on tax cuts, manufacturing support, and job creation in a potential re-election bid.

Top News

Trump's Tariff Plan Raises Concerns Among Economists

Former President Trump's proposed sweeping tariffs to fund tax cuts raise concerns among economists and policymakers.

Kiplinger

How Trump and Harris Might Handle Expiring TCJA Tax Cuts

Many key provisions of the TCJA will expire soon. Here’s why it matters during the 2024 election cycle.

Kiplinger

Five Considerations About Municipal Bonds if Tax Cuts Sunset

Tax rates are set to revert to 2017 levels after 2025, so now is the time to revisit your muni strategy and plan for optimized portfolio adjustments.

AAP

Tax cuts put away for rainy day as spending spree ends

After two months of sales-fuelled growth, shoppers have tightened belts as the elevated cost-of-living keeps pressure on family finances.

AAP

More gloom ahead as economy plods along in slow lane

Australia's economy has been barely limping along and more weakness is anticipated in upcoming national accounts data.

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