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The Latest Breaking News from Tax Cuts

Trump Proposes Tax Cuts Targeting Various Voter Groups

Former President Trump's tax cut proposals and their potential impact on the federal budget and programs like Social Security and Medicare.

Top News

The TCJA: Key Facts on the Tax Cuts and What's Extended for 2025

How many of the extended TCJA provisions in the so-called 'One Big Beautiful Bill' (OBBB) will impact your wallet?

Kiplinger

Vice President Harris Welcomes Federal Reserve Rate Cut

Vice President Kamala Harris supports the Federal Reserve's rate cut to address inflation and pledges to reduce costs for consumers through tax cuts and an...

Top News

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Chief Senate GOP tax writer floats alternative cost estimate for 2025 package - Roll Call

Sen. Michael D. Crapo hinted Tuesday at a possible workaround for the ballooning price tag attached to extending the 2017 tax cuts.

Roll Call

Why Some Silicon Valley Billionaire Bros Want Trump to Be the ‘CEO of America’

The former president has attracted growing support from tech investors, who are seeking favorable tax policies and more deregulation that could widen inequality.

Capital & Main

Trump’s tax cuts led to a $20B reduction in charitable giving within a year

Americans give about half a trillion dollars a year to charity. That money helps fund services for the homeless, fight diseases, run museums and other organizations doing worthwhile activities. Some donations, such as those supporting religious congregations, are expenditures that the U.S. government couldn’t legally make even if it wanted…

The Conversation

Presidential Debate Highlights: Economy And Tax Plans

Recent debate highlighted contrasting economic policies with a focus on uplifting the middle class and criticism of tax cuts for the wealthy.

Top News

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Six New Tax Credits in Harris' Economic Plan: What to Know

Democratic nominee, Vice President Kamala Harris has proposed several tax breaks.

Kiplinger

Trump Outlines Economic Proposals, Vows Sweeping Tariffs If Re-Elected

Former President Trump outlines economic agenda, proposing tariffs, tax cuts, and efficiency measures, setting the stage for a dynamic debate on economic p...

Top News

Trump Unveils Economic Plan For Potential Second Term

Former President Trump discusses his economic policies, focusing on tax cuts, manufacturing support, and job creation in a potential re-election bid.

Top News

Trump's Tariff Plan Raises Concerns Among Economists

Former President Trump's proposed sweeping tariffs to fund tax cuts raise concerns among economists and policymakers.

Top News

How Trump and Harris Might Handle Expiring TCJA Tax Cuts

Many key provisions of the TCJA will expire soon. Here’s why it matters during the 2024 election cycle.

Kiplinger

Five Considerations About Municipal Bonds if Tax Cuts Sunset

Tax rates are set to revert to 2017 levels after 2025, so now is the time to revisit your muni strategy and plan for optimized portfolio adjustments.

Kiplinger

Tax cuts put away for rainy day as spending spree ends

After two months of sales-fuelled growth, shoppers have tightened belts as the elevated cost-of-living keeps pressure on family finances.

AAP

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AAP

More gloom ahead as economy plods along in slow lane

Australia's economy has been barely limping along and more weakness is anticipated in upcoming national accounts data.

The Independent UK

What we know about Kamala Harris’s tax plans

Harris supports higher rates for corporations and wealthiest Americans to raise more than $5 trillion over a decade

The Guardian - UK

Liz Truss considered cutting NHS cancer care to pay for tax cuts, claims new book

Truss at 10: How Not to Be Prime Minister claims the then PM suggested severe spending cuts to fill financial black hole

The National (Scotland)

Scottish Tory leadership candidate pitches tax cuts for millionaires

MURDO Fraser would give millionaires a tax cut of £35,000 while leaving rates for part-time workers untouched, according to one of his campaign…

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Roll Call

Fact-checking Day 4 of the Democratic National Convention - Roll Call

The Democratic convention wrapped up with Vice President Kamala Harris’ speech accepting the party’s nomination for president. She made some misleading or unsupported claims about her opponent.

Roll Call

Fact-checking Day 2 of the Democratic National Convention - Roll Call

Fact checking the second night of the 2024 Democratic National Convention

Top News

Vice President Harris Proposes Tax Cuts For Middle-Class Americans

Vice President Kamala Harris unveils tax plan to benefit middle-class and lower-income Americans, including child tax credit expansion and EITC enhancements.

Roll Call

Harris to propose tax cuts for newborns, funds for first-time homebuyers - Roll Call

Vice President Kamala Harris is set to unveil a set of economic policy proposals Friday, highlighted by a new child tax credit.

AAP

Hit the brakes: taxes could slow hybrid vehicle sales

Cuts to transport emissions could slow down next year unless the government extends its tax cuts for plug-in hybrid cars, an inquiry has been told.

Newslaundry

Middle-class rage, TRPs: Why legacy media is sliding off the govt’s ‘godi’

India’s middle class is a bit like me. When unhappy we both simmer for a while, get more and more resentful and then explode suddenly. Once our rage is out in the open, we start looking for random reasons to fuel our fury.This is precisely what we are seeing with…

Fortune

Trump says the dollar is too strong—but his policies may make it even stronger, bank strategist says

An immigration clampdown, aggressive tax cuts, and heavy tariffs could lift the U.S. dollar even as Trump tries to fight what he calls a "currency problem."

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