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The Latest Breaking News from Tax Cuts

MarketBeat Week in Review – 05/12 - 05/16

Stocks had a strong week on a potential U.S.-China trade deal and cooler inflation data, but volatility may remain as investors shift focus to tax cuts

MarketBeat

Trump’s ‘big, beautiful bill’ at a crucial juncture

The bill proposes sweeping changes, including Trump’s 2017 tax cuts and enacting deep cuts to social programmes.

Al Jazeera

House Republicans block Trump’s ‘big, beautiful bill’ in major setback

Rightwing lawmakers say president’s bill – centered on tax cuts and funding deportations – doesn’t make enough cuts

The Guardian - US

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Will bond vigilantes kill Trump tax cuts?

The bill arriving in Congress could add an estimated $3.8 trillion to the federal deficit through 2034.

Fortune

Congress began losing power decades ago − and now it’s giving away what remains to Trump

Republicans in Congress have been making behind-the-scenes efforts to pass major domestic legislation via the federal budget process. They include potential cuts to Medicaid and extending the 2017 Trump tax cuts.

The Conversation

Republican Reconciliation Package Will Lead to $3 Trillion Annual Deficits

A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.

Reason

Republicans Eye Key Votes On Trump Tax Cuts Mega-bill

Republicans geared up Tuesday for a series of crucial votes on Donald Trump's domestic policy mega-bill, with rows over spending threatening to unravel the US president's plans for sweeping tax cuts.

International Business Times

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I'm a Financial Planner: Here Are Five Lesser-Known Ways to Avoid Estate Tax

The clock is ticking on the estate and gift tax provisions in the Tax Cuts and Jobs Act, so the sooner you act on removing assets from your estate, the better.

Kiplinger

Trump’s ‘big beautiful’ spending bill appears on life support as GOP looks to end some tax relief president created

Republicans might have to reduce the number of taxes cut by half a trillion, while GOP lawmakers from blue states rejected a proposal to offer tax relief

The Independent UK

A Public Lands Sell-Off Just Got Snuck Into a House Budget Proposal

Rather than any sort of real hard look at the federal budget, one done so that actual fraud, waste, and abuse is rooted out in order to balance the budget—DOGE absolutely doesn't count—the current makeup of the House, Senate, and Presidency wants to sell your public lands. I mean, how…

RideApart

FDR united Democrats under the banner of ‘liberalism’ − but today’s Democratic Party has nothing to put on its hat

If Donald Trump has taught Americans anything, it’s that political parties can shift positions on any number of issues and retain strong support. Republicans had once been aggressive Cold Warriors, standing shoulder to shoulder with allies against Russia, but now they are isolationists. They once favored so-called “free markets,” but…

The Conversation

The High Cost of Texas’ Property Tax Cut-and-Run Politics

Biennial promises of “relief” are just window dressing on a broken taxation system.

Texas Observer

Here’s What’s Changing With Your Taxes, Bills & More Under A Re-Elected Albanese Government

A bunch of changes are headed your way, here's what you need to know.

Pedestrian.tv

Democrats target vulnerable Republicans over plan to cut social safety net

DNC to campaign against Trump’s ‘one, beautiful bill’ to reduce public spending by at least $1.5tn to pay for tax cuts

The Guardian - UK

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AAP

Economists slam major parties over timing of costings

The coalition has been criticised for releasing its costings just two days out from polling but Labor did the same during the 2022 election when in opposition.

Al Jazeera

Fact-checking Trump’s claims at 100-day rally in Michigan

Trump said he restored free speech, dubbed surveys as ‘fake’ and claimed fuel prices were down.

The Independent UK

MTG signals the one thing that will cost Republicans ‘bigly’ in midterms in warning to colleagues

Republicans are at odds on whether to pass Trump’s tax cuts, which could introduce $4.6 trillion to the national debt over the next decade

The Independent UK

Congress returns as Trump’s domestic agenda hangs by a thread

Between the debt limit, tax cuts and Medicaid, the House and Senate remain far apart. And the clock is ticking

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Kiplinger

2025 Tax Reform: Are Trump and the GOP Actually Planning to Raise Taxes?

As high-stakes tax reform talks resume on Capitol Hill, questions are swirling about what and President Trump and the GOP will do.

The Guardian - AU

Albanese handed win in final leaders’ debate – as it happened

This blog is now closed

The Guardian - US

Republican unity to be tested in talks over Trump’s ‘big, beautiful bill’

Party eyes dramatic spending cuts to turn president’s promises into reality – but not all lawmakers are on board

The Guardian - US

The Republican anti-tax coalition is beginning to disintegrate

For half a century, the GOP has embraced tax cuts for the rich. But as Americans turn against the idea, the party is divided

Roll Call

First-quarter tax lobbying bonanza as reconciliation beckons - Roll Call

Lobbying on tax issues exploded during the first quarter of this year, as Congress prepared to extend the 2017 tax cuts.

Kiplinger

Missed Tax Day? Nearly One Million Taxpayers Still Can File and Claim Valuable Tax Refunds

As many as one million taxpayers could be missing out on a significant tax refund.

The Guardian - AU

Labor receives assurances from Indonesian defence minister – as it happened

This blog is now closed

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