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The Latest Breaking News from Tax Cuts

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Labor Unions Fed Up With Trump's Tax Cuts; Want Laws Repealed

Top labor unions have had enough of the tax cuts of former President Donald Trump and would like to have the laws repealed.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

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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

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

Evening Standard

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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.

Reason

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.

Top News

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.

AAP

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.

Kiplinger

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 - AU

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

The Guardian - UK

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...

Top News

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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

The Guardian - UK

FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon – as it happened

Rolling coverage of the latest economic and financial news

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The Guardian - UK

Jeremy Hunt’s tax cut plans to face IMF scrutiny next month

Annual health check to examine whether tax increases or spending cuts will be needed after election

Salon

Billionaires double wealth after tax cut

Billionaires now control 1 out of every 25 dollars of American wealth

Top News

Trump's Fundraising Dinner Promises Tax Cuts For Wealthy Donors

Record fundraising at Trump event highlights tax policy differences between Trump and Biden, focusing on benefits for the wealthy.

The Guardian - UK

Labour plans £5bn crackdown on tax avoiders to close non-dom spending gap

Funding needed after Tories adopted Labour policy to pay for tax cuts will be used for school breakfast clubs and NHS

Top News

Kansas Legislature Tackles Tax Cuts, Disability Services, And Immigration Issues

Kansas Legislature addressing tax cuts, disability services, immigration, and diversity issues before spring break.

AAP

Wage review should consider tax cuts: retail bosses

The retail sector wants the workplace umpire to be more conservative as it considers the size of the next annual pay rise for millions of low-paid workers.

AAP

No surplus in sight as New Zealand outlook worsens

New Zealand Finance Minister Nicola Willis has pledged to deliver income tax cuts in the May 30 budget even as the government books worsen.

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