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The Latest Breaking News from Tax Cuts

NZ Budget 2024: tax cuts and borrowing don’t always fuel inflation – but Nicola Willis has to get the balance right

On the eve of the first budget from the National-ACT-New Zealand First coalition government, there is ongoing debate over whether borrowing while offering tax cuts could trigger a rise in inflation.

The Conversation

Australian inspiration for Kiwi tax cuts: NZ minister

Nicola Willis will deliver the right-leaning New Zealand coalition government's first budget this week, with tax cuts at the forefront.

AAP

'Bond King' Bill Gross warns Trump would worsen deficits and be 'more disruptive' for the bond market than Biden

"Trump is the more bearish of the candidates simply because his programs advocate continued tax cuts and more expensive things."

Fortune

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Argentina's Milei Promises Major Tax Cuts With Reforms Approval

Argentinian economist Javier Milei proposes significant tax cuts to boost economy and attract investment, facing both support and criticism.

Top News

Labour and Tories clash on economy in first weekend of election campaigning

Parties trade blows over tax cuts as first weekend of general election campaign gets underway

Evening Standard

Albanese labels some rightwing media a ‘cheer squad’ for Dutton

PM expresses frustration with unspecified newspapers and commentators, saying many articles ‘essentially about clickbait these days’

The Guardian - AU

OPINION - Rishi Sunak has been in last-ditch campaign mode for so long — a General Election is logical

Rishi Sunak’s very first move as Prime Minister was to baffle. Why had this sensible technocrat appointed a loon like Suella Braverman? Many baffling moments followed — Rwanda, the war on woke, tax cuts that ran in the face of everything he had stood for as chancellor. So a snap…

Evening Standard

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What Are The Costs Behind Trump's Economic Proposals?

Republican former president Donald Trump once dubbed himself a "Tariff Man" seeking to boost government coffers.

International Business Times

Things can only get better? For Sunak and the UK economy, this might be as good as it gets

Economies decide elections but with growth tentative, inflation sticky, and tax cuts unlikely, why would the PM wait

The Guardian - UK

Labor Unions Fed Up With Trump's Tax Cuts; Want Laws Repealed

Top labor unions have had enough of the tax cuts of former President Donald Trump and would like to have the laws repealed.

International Business Times

Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

The Guardian - UK

Senator Tim Scott Urges Tax Cuts To Combat Inflation

Senator Tim Scott discusses the impact of tax policies on inflation and the economy, contrasting President Trump's tax cuts with President Biden's proposed...

Top News

Jeremy Hunt promises further tax cuts and hits out at Labour plans

Chancellor attempts to draw election battle lines, suggesting he wants to reduce national insurance and Labour intends to raise tax

The Guardian - UK

Watch: Jeremy Hunt promises tax cuts if Tories win general election

Watch as Jeremy Hunt delivered a speech on Friday, 17 May, promising further tax cuts if the Conservatives win the general election.

The Independent UK

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Evening Standard

Chancellor promises further tax cuts if Tories win general election

Jeremy Hunt accused Labour of 'playground politics' over attacks on the historically-high burden being borne by households and businesses

Reason

Brace for Big Tax Hikes in 2026 Unless Congress Acts

The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.

Top News

Biden Vs. Trump: Contrasting Tax Plans For Economic Growth

Debate over tax policies between Biden and Republicans, focusing on fairness, economic growth, and national debt implications.

AAP

Jobs boom beats expectations but weakness incoming

Australia's workforce is expected to keep getting bigger even as the economy slows, forecasting excerpts from the upcoming federal budget show.

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Kiplinger

What’s in DeSantis’ $1.07 Billion Florida Tax Relief Bill?

A new Florida tax relief package defines 2024 sales tax holidays and cuts taxes for families and businesses.

The Guardian - AU

Budget sneak peek predicts higher wages and tax breaks – but no increase for Australians on jobseeker

Government dampens hopes for an increase to jobseeker, despite pressure from economists, social justice groups and equality advocates

The Guardian - UK

Tories might not hold autumn statement pledging more tax cuts before election

With public finances in a worse position than expected, chancellor Jeremy Hunt is considering pushing back further pledges

Top News

Sen. Tim Scott Criticizes President Biden's Tax Policies

Sen. Tim Scott criticizes President Biden's tax plan, warning of economic harm. Biden defends position, citing benefits for the wealthy. Debate over tax po...

The Texas Tribune

Texas Republicans have tried to rein in property taxes for five years. Has it worked?

Texas has spent billions of dollars to drive down property taxes. Many homeowners saw a significant tax cut last year, per a Texas Tribune analysis.

Kiplinger

Georgia Has a New 2024 Income Tax Rate

Georgians now have a tax package containing income tax cuts, childcare relief, and potential property tax caps.

The Guardian - UK

Jeremy Hunt’s scope for tax cuts hit by higher-than-expected borrowing

Government borrowed £120.7bn in the last financial year, with just under £12bn in March

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