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The Latest Breaking News from Tax Cuts

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.

Top News

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.

Roll Call

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.

AAP

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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…

Newslaundry

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."

Fortune

Kamala Harris's economic agenda: What experts say it might look like

"Building up the middle class will be a defining goal of my presidency," Harris said.

Fortune

Mortgage stress rose in June with 1m Australian households ‘extremely at risk’, report says

RoyMorgan report says stage-three tax cuts should ease burden unless jobs market falters or Reserve Bank raises interest rates again

The Guardian - AU

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ACT Young Liberals' particularly conservative policy agenda revealed

Party's youth wing will also debate abolishing income tax entirely.

The Canberra Times

Trump Unveils No Tax On Tips Plan For Nevada Workers

Former President Trump's economic relief plan, including tax cuts for workers, gains traction in Nevada, a battleground state.

Top News

Fact-checked: Republican national convention and Trump’s speech

Unpacking false claims made by the former president and other speakers as he formally accepted the Republican nomination

The Guardian - US

Here's How To Pay for Trump's Tax Cuts

There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.

Reason

Stocks, Dollar Swing As Rate Bets Offset By Trump Inflation Talk

Equities and the dollar were rangebound Wednesday while gold hit a fresh record as expectations for a US interest rate cut played up against the prospect of another Donald Trump presidency that analysts say could see inflation-fuelling tax cuts and tariffs.

International Business Times

Plans to Extend and Expand Trump-Era Tax Cuts Would Largely Benefit the Wealthy

Though most Americans think the rich don’t pay their fair share, conservatives still want to lower their taxes.

Capital & Main

The Trump economy: Slower growth, higher prices and a bigger national debt

Plans to hike tariffs, tighten immigration and cut taxes are likely to crimp growth and fuel inflation, experts say.

Al Jazeera

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Roll Call

Fact-checking Day 1 of the Republican National Convention - Roll Call

Factcheck.org found some speakers offered false and misleading assessments of employment, tax cuts, inflation and more.

Latin Times

Equities Mixed, Dollar Up After Wall St Record As Trump Odds Grow

Traders struggled to extend gains on Wall Street, where the Dow chalked up its first record since May, while the dollar rose with Treasury yields on speculation that another Trump tariff battle with China and likely tax cuts could push inflation higher.

Fortune

What investors should look for as Wall Street prices in a new political and financial outlook after the Trump shooting

Analysts have warned that Trump's plans to impose across-the-board tariffs, extend tax cuts, and limit immigration will be inflationary.

Kiplinger

Project 2025 Tax Overhaul Blueprint: What You Need to Know

Some people wonder what Project 2025 is and what it suggests for taxes.

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The Guardian - AU

Afternoon Update: PM defends Payman suspension; humpback whale rescued; and US offers Boeing ‘sweetheart’ plea deal

Anthony Albanese accused Labor’s youngest senator of disrupting the government’s message as stage-three tax cuts rolled out

The Guardian - AU

Sam Mostyn sworn in as governor general – as it happened

This blog is now closed.

The Guardian - AU

1 July changes: tax cuts, Centrelink indexation and everything else coming for 2024-25

Stage-three tax cuts begin in the new financial year, while a vape ban and paid parental leave reforms also kick in

AAP

Tax cuts to help households 'catch up' to rate rises

After a long wait and much political tussling, the stage three tax cuts are finally about to come into effect - and not a moment too soon.

AAP

Albanese links new energy plan to cost-of-living crisis

Cost-of-living support in the form of tax cuts and higher pay for minimum-wage workers are among changes to come into effect in the new financial year.

Reason

At the Presidential Debate, Biden Says He 'Beat Medicare'

Biden's incoherence and Trump's comparatively cogent lies demonstrate just how poorly the two-party system serves supporters of small government.

The Conversation

Sell-offs and tax cuts stripped the UK of vital assets. A national wealth fund could turn the tide

One of Labour’s most radical manifesto pledges is the plan to create a national wealth fund. To help drive the green transition and create 600,000 green jobs, the fund aims to raise £3 of private investment for every £1 of government money put in.

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