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The Latest Breaking News from Tax Cuts

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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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.

AAP

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 Independent 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 Guardian - UK

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…

The National (Scotland)

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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

Roll Call

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

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

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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.

The Guardian - AU

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 Canberra Times

ACT Young Liberals' particularly conservative policy agenda revealed

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

Top News

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.

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The Guardian - US

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

Reason

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.

International Business Times

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.

Capital & Main

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.

Al Jazeera

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.

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.

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