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The Latest Breaking News from Tax Cuts

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

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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

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

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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

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.

AAP

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.

Al Jazeera

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

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news in one place.

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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

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

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news in one place.

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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

The Guardian - AU

Battle of the election ‘sugar hits’: Labor and Coalition announce tax plans at duelling campaign launches

Albanese unveils an automatic $1,000 deduction on annual tax returns while Dutton pledges $1,200 one-off tax refund for low- and middle income earners

Reason

Two Cheers for Extended Tax Cuts and an IRS in Chaos

It’s not the reform we need, but it’s welcome relief from ravenous and unpopular tax collectors.

The Texas Tribune

$337 billion, two-year budget gets Texas House approval

The lower chamber’s plan largely aligns with the Senate’s proposal and puts billions toward teacher pay, border security and property tax cuts.

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