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The Latest Breaking News from Tax Cuts

A thought experiment, 1939: will a Nazi Europe buy our lamb?

How might things have gone had we looked to the ideology of tax cuts to defeat fascism in WWII, asks Nicholas Agar?

Newsroom.co.nz

IMF says UK no longer heading for recession but urges against tax cuts

Jeremy Hunt should squeeze public spending and cut debt, says Washington-based body

The Guardian - UK

NC governor declares ‘state of emergency’ due to GOP school voucher expansion, tax cuts

RALEIGH, N.C. — Democratic Gov. Roy Cooper declared Monday that “public education in North Carolina is facing a state of emergency” in the face of “extreme legislation” being promoted by Republican state lawmakers.

Tribune News Service

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Alan Kohler: The battle for America’s heart, soul and future

Republicans are threatening to force America to default on its debt if there isn’t a crackdown on welfare for the poor.

The New Daily

Jeremy Hunt hints at tax cuts as he urges Tories not to talk the country down

Jeremy Hunt said the push to cut inflation would result in tax cuts

The Independent UK

Of the many things the budget didn’t explain, this could be the most important

Did the budget leave the Albanese government, just one year old this week, the maximum amount of political room to move?

The New Daily

States Where You’ll Pay Less Income Tax in 2023

Many states have lowered personal income tax rates for this year. Do you live in one?

Kiplinger

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Kwasi Kwarteng STILL not sorry for Budget misery he caused - as he's 'looking forward'

Mr Kwarteng, who was sacked by Liz Truss as she desperately tried to stay in Downing Street in October last year, sparked chaos by announcing a wave of tax cuts which spooked the markets.

Daily Mirror

Cost of stage-three tax cuts balloons to $313 billion

The cost of the stage-three tax cuts has blown out to $313 billion over 10 years, with more than half of the benefit set to flow to rich.

The New Daily

Morning Mail: cost of tax cuts to soar, Biden cancels Australia visit, call to regulate AI

Income earners in top 20% set to scoop $227.6bn of total $313.1bn benefit; president to focus on domestic political deadlock due to US debt

The Guardian - AU

Macron’s tax cuts attempt to woo the French middle class

French President Emmanuel Macron announced on Monday evening tax cuts of up to €2 billion for the French people. The announcement targets France’s middle class, which has borne the brunt of high inflation and stagnating salaries over the past few months.

France 24

Stage-three tax cuts cost blowout predicted, with men and the wealthy to benefit most

Adam Bandt decries ‘massive black hole’ after Parliamentary Budget Office analysis puts cost at $313bn over a decade

The Guardian - AU

Macron promises €2 billion in tax cuts for French middle class

As part of his continued attempt to move past his government’s contentious pensions reform, French President Emmanuel Macron has announced two billion euros of tax cuts for the middle class before the end of his term.

Radio France Internationale

Why tax policy experts fear the Texas House plan to lower property taxes could have dire ripple effects

Both the House and the Senate’s proposals on property tax cuts would give modest savings to the typical Texas homeowner, but critics say the House plan could create vast inequities and disproportionately benefit wealthy homeowners.

The Texas Tribune

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The Guardian - AU

Failure to protect nature is a bigger threat to humanity than inflation, Australian scientists warn

‘For just 10% of the stage-three tax cuts, we could recover every one of Australia’s almost 2,000 threatened species,’ says ecologist

The Guardian - AU

You be the Australian treasurer: raise welfare, reform the tax system, go for a federal budget surplus

Tax cuts for high-income earners, build a bullet train, scrap the submarine program, raise jobseeker – you decide in this interactive feature

The Guardian - AU

Jobseeker must be substantially raised in the budget – and there’s a simple way to pay for it

If the stage-three tax cuts were only temporary, there would be no need to delay lifting support for those who need it most

Crikey

The cruel and unfair stage three tax cuts will only worsen inequality

The tax cuts will reduce government revenue by about $184 billion in the first eight years — that means less money to spend on alleviating poverty.

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Crikey

From cost-of-living relief to Ukraine aid, a guide to tonight’s federal budget

Crikey pulls together all we know so far about Treasurer Jim Chalmers’ budget.

Kiplinger

IRS Relief for Florida Comes as Lawmakers Mull Major Tax Cuts

Residents impacted by recent severe Florida storms have an extended IRS tax deadline.

ABC News

These tax cuts are set to reshape Australia's budget

The stage 3 tax cuts are too big to fit on a single screen. We had to get creative to put them into perspective.

The New Daily

‘Considerable’ numbers of Labor MPs join push to raise JobSeeker

Economists, anti-poverty advocates and Labor MPs are among those calling on the government to raise the “cruel” rate of JobSeeker.

Reuters

Italy plans looser rules on short-term jobs, tax cuts on wages

Italy plans contested legislation that will make it easier for firms to hire workers on short-term contracts, as part of a set of measures aimed at boosting jobs and families' purchasing power, including tax cuts for middle- and low- income workers.

Daily Mirror

'I was a Tory for decades - but I back our teachers and nurses fighting for fair pay'

Former Tory MP and Commons Speaker John Bercow is firmly on the side of those striking for fair pay deals - arguing people would happily forgo tax cuts to ensure dedicated professionals are properly paid

The Guardian - AU

Katy Gallagher ‘unchanged’ on stage-three tax cuts, won’t commit to raising jobseeker

Leaving welfare payments at current rate ‘unconscionable and grossly irresponsible’, says anti-poverty body

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