The Latest Breaking News from Tax Cuts

Rishi Sunak signals no tax cuts before next election amid inflation fears

PM says reducing inflation ‘takes precedence over everything else’

The Independent UK · Jul 12, 2023

Property tax cuts hit the fast track as Texas Senate advances long-awaited agreement

The package could land on Gov. Greg Abbott’s desk by the end of the week. Voters must pass the plan in a constitutional election in November for it to take effect in the 2023 tax year.

The Texas Tribune · Jul 11, 2023

Jeremy Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs

JEREMY Hunt will say he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.

The National (Scotland) · Jul 10, 2023

As Texas lawmakers tussle over property tax relief, it’s unclear whether renters will benefit

Texas’ top Republicans are fighting over how to split property tax cuts between businesses and homeowners. Democrats want renters to see relief, too.

The Texas Tribune · Jul 6, 2023

UK mortgage rates spike to highest level since Truss tax plan spooked markets

Homeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors

The Independent UK · Jul 4, 2023

Will Pennsylvania Tax Breaks Help Replace Lost Residents?

Proposed Pennsylvania tax breaks could result in big tax cuts, but if the tax breaks happen, will they be enough to help Pennsylvania replace the 40,000 residents it lost?

Kiplinger · Jul 3, 2023

Bidenomics: Tax Cuts For Wealthy And Corporations Don’t Benefit Middle Class, Says US President

Biden stresses on need to move away from top-down approach of trickle-down economics and focus on empowering American workers.

Zenger · Jun 29, 2023

With second special session underway, Texas lawmakers offer opening property tax-cut proposals

A stalemate among Texas’ top Republicans has dragged on for months. Tax-cut proponents in the House and Senate made their first pitches to end the impasse Wednesday.

The Texas Tribune · Jun 28, 2023

A property tax deal has eluded Texas lawmakers. Here’s where things stand at the start of another special session.

Top Republicans promised property tax cuts, but have been locked in standoffs on how to achieve it. Gov. Greg Abbott has called another overtime legislative session in hopes of solidifying a plan.

The Texas Tribune · Jun 28, 2023

First special session ends with no new laws, Texas lawmakers still deadlocked on property taxes

Gov. Greg Abbott quickly called lawmakers back to the Capitol for round two, hoping to break an impasse that has outlasted the regular session and one overtime period.

The Texas Tribune · Jun 27, 2023