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The Latest Breaking News from Tax Cuts

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

Trump Election Shifts Fed Rate-Cut Outlook As S&P 500, Bond Yields Jump

Thursday's Federal Reserve meeting will bring another rate cut, but Donald Trump's election altered the outlook for further cuts. The S&P 500 and Treasury yields are jumping.

Investors Business Daily

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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

What Trump Vs. Harris Election Outcomes Mean For S&P 500, Fed Rate Cuts

Whatever the outcome of the presidential race, the S&P 500 and economy may get a short-term boost. But that lift may not last long.

Investors Business Daily

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…

The Conversation

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...

Top News

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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

The Guardian - UK

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,…

Evening Standard

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.

AAP

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.

Fortune

Who Will Cost You More In Taxes, Harris Or Trump?

A presidential election can be taxing for individuals and investors. And this year's vote is no different. There's no shortage of policy uncertainty for taxes.

Investors Business Daily

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.

Kiplinger

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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.

Crikey

With time running out and an election looming, can Albanese ease ‘horrific’ cost of living crisis?

There are many items on Labor’s end-of-year to-do list. But with three sitting weeks to go, one pollster says the cost of living is the only thing that matters.

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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AAP

Stage three tax cut spending spree yet to surface

Fans splashed out on footy finals in an otherwise slow month for consumer spending, which is yet to show a bounce from tax cuts that came into effect in July.

The Canberra Times

Libs launch attack on Barr's credentials after tax cut costings

Costings show Liberals' payroll tax cuts worth less than expected.

International Business Times

Tariffs, Tax Cuts, Energy: What Is In Trump's Economic Plan?

Republican presidential candidate Donald Trump wants to bring back US manufacturing and lower costs, relying on tariffs to boost US coffers and exert pressure on other countries -- but the reality is less straightforward.

Roll Call

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.

Salon

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"

The Canberra Times

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

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

The Independent UK

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

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