The Latest Breaking News from Tax Cuts

What’s in Trump’s major tax bill? Extended cuts, deportations and more

Donald Trump’s sweeping legislation boosts the wealthy, funds a border wall and risks $3tn deficit before his term ends

The Guardian - US · Jul 1, 2025

Elon Musk slams Trump’s ‘Big Beautiful Bill’, calls for new political party

The world’s richest man and the US president have traded insults over Donald Trump’s tax cuts and spending bill.

Al Jazeera · Jul 1, 2025

Mike Pence's Advocacy Group Launches Campaign To Extend Trump's 2017 Tax Cuts: Report

Former Vice President Mike Pence is mobilizing his advocacy group, Advancing American Freedom, to push for an extension of the 2017 tax cuts, a key component of the reconciliation package currently under review in Congress.

Benzinga · Jul 1, 2025

What's in the latest version of Trump's big bill now before the Senate

At some 940-pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations

The Independent UK · Jun 28, 2025

Ross Gerber Touts An Idea To Cut Deficit By Trillions Of Dollars: 'Let The Tax Cuts Expire And Full SALT Come Back'

As the One Big Beautiful Bill Act of 2025 proposes tax relief for individuals, it is also estimated to increase the federal deficit. However, this expert proposes an idea that could help cut trillions of dollars in deficit.

Benzinga · Jun 26, 2025

What is reconciliation − the legislative shortcut Republicans are using to push through their ‘big, beautiful bill’?

The word “reconciliation” sounds benign, even harmonious.

The Conversation · Jun 25, 2025

10,000 people a year might die under Donald Trump’s rule but don’t worry the billionaires are doing fine

The American Dream, redefined.

We Got This Covered · Jun 23, 2025

Barbra Streisand rolls her eyes at how quickly Donald Trump forgets ‘America First’ when it doesn’t serve him

Barbra Streisand for president.

We Got This Covered · Jun 20, 2025

Would a corporate tax cut boost productivity in Australia? So far, the evidence is unclear

The first term of the Albanese government was defined by its fight against inflation, but the second looks like it will be defined by a need to kick start Australia’s sluggish productivity growth.

The Conversation · Jun 17, 2025

How high can US debt go before it triggers a financial crisis?

The tax cuts bill currently being debated by the US Senate will add another US$3 trillion (A$4.6 trillion) to US debt. President Donald Trump calls it the “big, beautiful bill”; his erstwhile policy adviser Elon Musk called it a “disgusting abomination”.

The Conversation · Jun 17, 2025