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The Latest Breaking News from Tax Cuts

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

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

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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

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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

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.

The Texas Tribune

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.

Kiplinger

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

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

The Guardian - UK

Billionaires double wealth after tax cut

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

Salon

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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.

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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.

AAP

PM says minimum wage workers 'should not fall behind'

Lowest-paid workers should not be going backwards and worker pay rises are not at odds with moderating inflation, the prime minister says.

The Guardian - UK

The Observer view on deprivation: poverty data is a mark of shame for Tory rule

Prioritising tax cuts for the better off while letting children bear the brunt of financial hardship is not only cruel, it makes no financial sense

Crikey

Search for Angus Taylor proves fruitless — new shadow treasurer needed

The opposition is flailing on economic and fiscal issues. It needs a shadow treasurer with some cut-through and political smarts.

The Guardian - UK

Austerity doesn’t just damage public services, it destroys faith in the future

Britain can’t afford the tax cuts announced in the budget

Top News

Trump Suggests Tax Cuts To Offset Tariff Impact

President Trump addresses concerns about tariffs and suggests using tax cuts to offset negative impacts. Debate over tariffs and trade policy continues ami...

Kiplinger

Wealth Transfer and Strategic Gifting Opportunities for 2024

Inflation adjustments to the gift and estate tax exemptions, along with the pending sunset of some tax cuts, make 2024 the year to dig into transfer strategies.

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