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The Latest Breaking News from Tax Cuts

Project 2025 Tax Overhaul Blueprint: What You Need to Know

Some people wonder what Project 2025 is and what it suggests for taxes.

Kiplinger

Afternoon Update: PM defends Payman suspension; humpback whale rescued; and US offers Boeing ‘sweetheart’ plea deal

Anthony Albanese accused Labor’s youngest senator of disrupting the government’s message as stage-three tax cuts rolled out

The Guardian - AU

Sam Mostyn sworn in as governor general – as it happened

This blog is now closed.

The Guardian - AU

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1 July changes: tax cuts, Centrelink indexation and everything else coming for 2024-25

Stage-three tax cuts begin in the new financial year, while a vape ban and paid parental leave reforms also kick in

The Guardian - AU

Tax cuts to help households 'catch up' to rate rises

After a long wait and much political tussling, the stage three tax cuts are finally about to come into effect - and not a moment too soon.

AAP

Albanese links new energy plan to cost-of-living crisis

Cost-of-living support in the form of tax cuts and higher pay for minimum-wage workers are among changes to come into effect in the new financial year.

AAP

At the Presidential Debate, Biden Says He 'Beat Medicare'

Biden's incoherence and Trump's comparatively cogent lies demonstrate just how poorly the two-party system serves supporters of small government.

Reason

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Sell-offs and tax cuts stripped the UK of vital assets. A national wealth fund could turn the tide

One of Labour’s most radical manifesto pledges is the plan to create a national wealth fund. To help drive the green transition and create 600,000 green jobs, the fund aims to raise £3 of private investment for every £1 of government money put in.

The Conversation

No Fortune 100 CEO supports Trump, a Yale Business professor says

Trump critic Jeffrey Sonnenfeld says the onetime business icon has the lowest corporate support in GOP history.

Fortune

UK Faces Strained Finances After Election

Britain will see little difference on public spending whichever of the country's main parties wins next month's general election, with state coffers strained largely by huge Covid expenditure.

International Business Times

Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit

Yellen says Trump’s policies gave tax breaks to wealthy corporations and individuals while increasing the national deficit.

Fortune

ARK Invest CEO Cathie Wood says Trump has her vote because he’ll be better for the economy, but then asks to pull the interview

The renowned tech investor said she planned to cast her vote for Trump over Joe Biden come November.

Fortune

Spend your tax cuts in Canberra on a 'little treat', Barr says

Tuesday's ACT budget will also include a cost-of-living package.

The Canberra Times

Where do all the parties stand on tax cuts and spending – and are their manifestos fully costed?

Everything you need to know about the tax cuts proposed in the 2024 manifestos – and how they’re costed

The Independent UK

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The Guardian - AU

Families set to pocket more than $60 a week from stage-three tax cuts

Treasury analysis shows ‘mums and dads’ will be among the biggest beneficiaries when 1 July cuts kick in, Jim Chalmers says

AAP

Tax cuts to see families pocket an extra $60 a week

The latest tax cuts will see families with children pocket more than $60 a week on average, Treasury analysis shows.

Roll Call

House Republicans shift message on extending 2017 tax cuts - Roll Call

Changing politics and growing debt have House Republicans rethinking strategy for the tax cuts expiration in 2025.

Top News

Mike Pence Foundation Launches M Campaign To Preserve Tax Cuts

Former VP Mike Pence's foundation launches M campaign to preserve Trump-era tax cuts, sparking debate on fiscal policy and deficit concerns.

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The Independent UK

Supporters of bringing the Chiefs to Kansas have narrowed their plan and are promising tax cuts

Kansas lawmakers hoping to lure the Kansas City Chiefs from Missouri are narrowing their proposal for encouraging the Super Bowl champions to build a new stadium and linking the proposal to a plan for broad tax cuts

The Guardian - UK

Jeremy Hunt: Liz Truss economic plans were ‘good thing to aim for’

Exclusive: Leaked recordings reveal chancellor ‘trying to achieve some of the same things’ as former prime minister

The Guardian - US

Why is Trump cozying up to America’s most powerful business leaders?

Stocks are at near record levels. That’s not enough for some corporate CEOs, who want more giant tax cuts

The Guardian - UK

Nigel Farage pledges to axe net zero as Reform UK launches populist manifesto

Policies include personal tax cuts and life imprisonment for drug dealers in ‘contract’ with British public

Roll Call

Spending caps in peril - Roll Call

CQ Roll Call reporters discuss the state of the budget caps deal and the fate of Trump-era tax cuts in the latest CQ Budget podcast.

Evening Standard

Six in 10 back more NHS spending, even if it means higher taxes – poll

Some 40% said they would be willing to pay higher personal taxes if it meant higher spending on public services more broadly.

The Conversation

The Lib Dems want to tax the banks more – is this a good idea?

The Liberal Democrats were the first party to unveil their manifesto and the first party to break ranks and declare increases in tax, or sort of. Ed Davey announced that they would reverse tax cuts to banks and introduce a windfall tax on profits. Obviously, the Liberal Democrats can do…

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