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The Latest Breaking News from Tax Cuts

I Asked ChatGPT for Trump Policy Impacts in 2026 — 3 Predictions for Middle Class

Trump’s tariffs, tax cuts and Medicaid reductions could raise costs and offer limited middle‑class relief, increasing inflation and financial strain.

GOBankingRates

₹92 per Dollar Isn’t Just a Number: Why a Weak Currency Makes Life Costlier in India

A weak rupee does not stay in currency markets. It quietly shows up in household budgets. When the rupee moves toward levels like 90 or beyond against the dollar, India starts paying more for fuel, food, education, healthcare, travel, and essential imports. Life does not feel expensive overnight. It feels…

Times Life

Japan's central bank holds rates steady after bond sell-off and ahead of elections

The Bank of Japan announced this Friday that its policy interest rate remains unchanged at 0.75%. The decision comes after a huge sell-off in Japanese bonds this week, triggered by Prime Minister Takaichi's call for snap elections, and unfunded tax cuts that fuelled inflation fears.

Euronews

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Trump’s $2K Dividend Explained: Tax Cuts, Refunds or Direct Payments?

Sources say they would be similar to tax refund checks.

GOBankingRates

Greece introduces 2026 tax cuts aimed at families and young workers

Athens has lowered most income tax rates by two points and rolled out extra breaks tied to children and for younger workers, including zero income tax for under-25s earning up to €20,000.

Euronews

Dollar Climbs With T-Note Yields

The dollar index (DXY00 ) today is up by +0.27%. The dollar is stronger today as higher T-note yields strengthened the dollar's interest rate differentials. Also, comments today from Richmond Fed President Tom Barkin were supportive of the dollar when he said he expects tax cuts and deregulation to lift...

Barchart

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

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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

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

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

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

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

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Evening Standard

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.

The Guardian - UK

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

Reason

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.

The Guardian - UK

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

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Kiplinger

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."

AAP

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.

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

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

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