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The Latest Breaking News from Tax Cuts

Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth − but there’s a cost

The economy was one of their top issues as voters went to the polls this year. So what does Donald Trump’s return to the White House – as well as Republican gains in Congress – mean for the U.S. economy?

The Conversation

From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off?

There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates

The Guardian - UK

With Trump's election, extending expiring tax cuts should be 'easy'

But his other economic proposals could offset the savings.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump To Focus On Extending Tax Cuts In Second Term

Former Treasury Secretary Mnuchin discusses Trump's approach to tariffs and tax cuts.

Top News

From tax cuts to breaking the economy: five UK budgets that made a difference

As Rachel Reeves prepares to unveil her measures, we look at how five of her predecessors broke the mould

The Guardian - UK

OPINION - Rachel Reeves rolls the pitch for her 'maxi-Budget'

What is the opposite of a mini-Budget? A maxi-Budget? Whatever it is, that is what the chancellor is preparing to deliver next Wednesday. But the biggest difference between Rachel Reeves and Kwasi Kwarteng is not substance per se. Indeed, Reeves also intends to borrow more in order to boost growth,…

Evening Standard

Australia urged not to pull the plug on hybrid tax cuts

Sales of plug-in hybrid vehicles are accelerating in Australia as a tax deadline approaches, but some automotive groups say an extension is needed.

AAP

23 Nobel Prize winners push for Kamala Harris, calling her a 'better steward of our economy' than Trump

Economists say that tariffs and tax cuts make Trump’s plan weaker than Harris’s.

Fortune

How Much Do Voters Care About Taxes?

A new poll reveals that taxes may not be top of mind for many people this election cycle.

Kiplinger

Five Ways the Election Could Change Your Retirement

From taxes to Social Security and beyond, the election could change your retirement depending on which candidate wins. Who takes the House and Senate also matters.

Kiplinger

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The Canberra Times

Liberals rates policy would cost $100m more than party expected

But opposition's payroll tax cuts cost 40% less than Libs' estimated.

Roll Call

Trump goes big on tariffs, floats business relocation penalty - Roll Call

Former President Donald Trump doubled down on his plan to impose heavy tariffs on imports to help pay for tax cuts.

Roll Call

Tax veterans see protracted standoff over expiring breaks - Roll Call

The growing possibility of divided government next year has some predicting the 2025 tax fight could stretch into 2026 and beyond.

AAP

Stage three tax cut spending spree yet to surface

Fans splashed out on footy finals in an otherwise slow month for consumer spending, which is yet to show a bounce from tax cuts that came into effect in July.

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news in one place.

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The Canberra Times

Libs launch attack on Barr's credentials after tax cut costings

Costings show Liberals' payroll tax cuts worth less than expected.

International Business Times

Tariffs, Tax Cuts, Energy: What Is In Trump's Economic Plan?

Republican presidential candidate Donald Trump wants to bring back US manufacturing and lower costs, relying on tariffs to boost US coffers and exert pressure on other countries -- but the reality is less straightforward.

Roll Call

Trump pitches tax write-off for auto loans in Detroit speech - Roll Call

Former President Trump proposed making interest on car loans tax-deductible Thursday in the latest of a series of tax cuts he has promised.

Salon

Trump tax plan helps top 5%, hurts 95%

"This is an enormously redistributive tax plan from low- and middle-income families to the wealthiest Americans"

The Canberra Times

'Correct the record before you pathetically withdraw': Tax stoush gets heated

Libs claim payroll tax cuts closer to $100m in barney over costings.

The Independent UK

Economists have blasted Trump's jobs and taxes plans as dangerous. Someone better tell the public

Though Trump often touts his economic experience as a successful businessman, economists worry his plans for a second term would be harmful, Ariana Baio reports

AAP

Household spending flat despite retail boost, tax cuts

The economy is still struggling along with flat household spending despite an uptick in retail turnover and income tax cuts beginning to flow.

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