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The Latest Breaking News from Tax Cuts

Cathie Wood Says Trump's New Tax Cuts Will Be Like 'Reaganomics' On Steroids

ARK Invest CEO Cathie Wood is forecasting a historic economic boom driven by the incoming administration's fiscal policies, describing the landscape as “Reaganomics on steroids.”

Benzinga

Gov. Greg Abbott has a sweeping plan to abolish Texas’ school property taxes. Would it work?

The governor must first win over lawmakers who have rejected similar proposals. The state may have to backfill more than $17 billion for school funding alone.

The Texas Tribune

Elizabeth Warren Calls Trump 'Most Corrupt President' Citing Memecoin, Multi-Million CEO Dinners And Tax Cuts For Billionaires

Sen. Elizabeth Warren (D-Mass.) on Sunday called President Donald Trump’s tenure the “most corrupt” in America’s history, criticizing his involvement in cryptocurrency ventures, meetings with leading industry figures, and other decisions.

Benzinga

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Texas voters said no to property tax hikes this week, as Republican leaders signal more cuts ahead

Even voters in Austin, one of the state’s most liberal cities, shot down a measure to raise property taxes.

The Texas Tribune

What would UK economic policy look like under Nigel Farage’s Reform?

Leader’s speech offered most detailed explanation yet on party’s priorities on tax cuts, benefits, wages and pensions

The Guardian - UK

Farage says substantial tax cuts ‘not realistic’

The Reform UK leader used a speech in London on Monday to promise sweeping deregulation, arguing the UK had ‘squandered’ Brexit.

The Independent UK

Reform's substantial tax cuts ‘not realistic’ admits Nigel Farage

The Reform UK leader used a speech in London on Monday to promise sweeping deregulation, arguing that the UK had ‘squandered’ Brexit

Evening Standard

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UK economy ‘doomed’ under Labour, says Ryanair chief

Michael O’Leary says Rachel Reeves needs tax cuts to create growth, as airline’s profits jump 42% in first half

The Guardian - UK

Farage to row back from tax cuts as he pledges ‘most pro-business’ government

Reform UK leader Nigel Farage is expected to use a speech in London to promise sweeping deregulation.

Evening Standard

Nigel Farage to promise business deregulation in economic policy speech

Reform UK leader to set out ‘pro-entrepreneurship’ agenda while rowing back on tax cuts pledge

The Guardian - UK

America's $30 Trillion Publicly Held Debt Is 42 Times Larger Than It Was in 1980

Democrats defend every entitlement and dream up new benefits. Republicans demand more defense spending and still more tax cuts.

Reason

US debt set to soar above Italy and Greece after Trump’s ‘big, beautiful bill’

While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowing

The Guardian - UK

Trump Tax Bill 2025: What Changed and How It Affects Your Taxes

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's "big beautiful bill."

Kiplinger

Ley reveals tax cuts, backflips on unpopular policies

The coalition has outlined priorities it will take to the next election, with leader Sussan Ley attempting to win back voters after a stinging defeat.

AAP

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The Conversation

Sussan Ley commits to offering income tax cuts at the election

Opposition leader Sussan Ley will commit the opposition to taking a plan to cut personal income tax to the election – despite being unable to foresee what the budgetary and economic circumstances will be by then.

Euronews

Rome clears EU-bound budget draft with healthcare trims

With the EU’s filing deadline looming, Rome approved its draft budget plan on Tuesday and will reconvene this Friday to lock in the tax cuts and funding. That's before sending the full budget bill to parliament by 20 October.

The Guardian - UK

Reform UK abandoning manifesto pledge of £90bn in tax cuts, deputy leader admits

Richard Tice says party will concentrate on cutting civil service and scrapping net zero once in government

The Independent UK

Farage to give up Reform’s manifesto pledge for £90bn in tax cuts

Reform UK leader Nigel Farage will promise not to reduce taxes before cutting spending and making savings in the civil service at a major speech next month

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Evening Standard

Tory party conference 2025: Mel Stride pledges £5,000 national insurance rebate for young homebuyers

Shadow chancellor will use his Tory conference speech to set plans to cut welfare spending, foreign aid and the Civil Service if his party wins the next election

Kiplinger

Florida Residents Could Soon Get Property Tax Relief

The push for a solution to end high property taxes could lead to significant tax cuts in the Sunshine State next year.

The Guardian - US

Trump wants to rebrand his ‘big, beautiful bill’ as the ‘Working Families Tax Cut’. Don’t be fooled

The budget measure will hurt poor people and boost rich people. It should really be called the Billionaires’ Tax Cut Act

The Texas Tribune

What to know about 17 statewide propositions on Texans’ ballots Tuesday

A majority of the proposed constitutional amendments address tax cuts for homeowners and businesses.

Kiplinger

Is the One Big Beautiful Bill Really All That Great for Your Retirement?

While tax cuts sound attractive, it's still wise to plan ahead for retirement by considering strategies like Roth conversions to offset potential tax increases in the future and stealth taxes that could surprise you.

Euronews

Public services vs. tax cuts: What are Europeans willing to sacrifice?

Four in ten EU citizens believe taxes are too high and support tax cuts, even if this leads to fewer or lower-quality public services. Still, about a quarter favour paying higher taxes in return for better and expanded services.

The Conversation

NZ First wants a compulsory KiwiSaver. Boosting the Super Fund is a better bet

An ageing population not saving fast enough for its retirement has been called a “timebomb” and a looming crisis, with many New Zealanders facing the prospect of hard times when they stop earning.

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