The Latest Breaking News from Tax Cuts

From Buying a New Car to Having a Baby: How the OBBBA Affects Everyday Taxpayers

As well as making many tax cuts permanent, the OBBBA introduced a host of thresholds, phaseouts and deductions that affect everyday taxpayers, including these key changes.

Kiplinger · May 7

Indian firms don’t want to invest in India

Indian companies are not investing as much as the government expects them to. Despite tax cuts and infrastructure spending, businesses have been hesitant. Officials blame this on a lack of appetite for expansion, but the real reasons possible include high political risk and unpredictable policies.

The Economic Times · May 7

View from The Hill: the art of political spin – defending a broken promise as ‘building trust’

In his first term, Anthony Albanese was highly reluctant to break promises. He resisted for a long time recalibrating the Coalition’s tax cuts, because he had undertaken to deliver them intact.

The Conversation · May 4

New Poll Shows Trump 58 Points Underwater With Independents on Taxes Despite Major Cuts

According to a late March Fox News poll reported on by CNN data analyst Harry Enten, Trump is "58 points underwater" among independents on taxes.

International Business Times · Apr 15

Tax refunds are up. Tariffs erased gains

Prices rose all year due to tariffs, quietly offsetting any boost Americans saw at tax time

Salon · Apr 15

House Democrats file six articles of impeachment against defense secretary Pete Hegseth – as it happened

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The Guardian - US · Apr 15

Anas Sarwar asks voters in Scotland to give Labour five years to ‘fix SNP’s mess’

Scottish Labour leader pledges more homes and tax cuts as party tries to reverse slump in support before May elections

The Guardian - UK · Apr 13

Dems eyeing 2028 want huge tax cuts — but big hikes for the rich

Democrats are still struggling to figure out how to address voters' concerns about inflation.

Axios · Apr 5

Your North Carolina Income Tax Cut Is Coming — But There’s a Catch

North Carolina paychecks might get a boost as personal income tax rates drop toward 2.99%. But a growing debate has lawmakers at a crossroads.

Kiplinger · Mar 31

Reform hits out at IFS analysis of Scottish tax plans

The IFS said the party’s tax plans were ‘not credible’.

Evening Standard · Mar 23