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The Latest Breaking News from Tax Cuts

Tories might not hold autumn statement pledging more tax cuts before election

With public finances in a worse position than expected, chancellor Jeremy Hunt is considering pushing back further pledges

The Guardian - UK

Sen. Tim Scott Criticizes President Biden's Tax Policies

Sen. Tim Scott criticizes President Biden's tax plan, warning of economic harm. Biden defends position, citing benefits for the wealthy. Debate over tax po...

Top News

Texas Republicans have tried to rein in property taxes for five years. Has it worked?

Texas has spent billions of dollars to drive down property taxes. Many homeowners saw a significant tax cut last year, per a Texas Tribune analysis.

The Texas Tribune

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Georgia Has a New 2024 Income Tax Rate

Georgians now have a tax package containing income tax cuts, childcare relief, and potential property tax caps.

Kiplinger

Jeremy Hunt’s scope for tax cuts hit by higher-than-expected borrowing

Government borrowed £120.7bn in the last financial year, with just under £12bn in March

The Guardian - UK

FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Jeremy Hunt’s tax cut plans to face IMF scrutiny next month

Annual health check to examine whether tax increases or spending cuts will be needed after election

The Guardian - UK

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Billionaires double wealth after tax cut

Billionaires now control 1 out of every 25 dollars of American wealth

Salon

Trump's Fundraising Dinner Promises Tax Cuts For Wealthy Donors

Record fundraising at Trump event highlights tax policy differences between Trump and Biden, focusing on benefits for the wealthy.

Top News

Labour plans £5bn crackdown on tax avoiders to close non-dom spending gap

Funding needed after Tories adopted Labour policy to pay for tax cuts will be used for school breakfast clubs and NHS

The Guardian - UK

Kansas Legislature Tackles Tax Cuts, Disability Services, And Immigration Issues

Kansas Legislature addressing tax cuts, disability services, immigration, and diversity issues before spring break.

Top News

Wage review should consider tax cuts: retail bosses

The retail sector wants the workplace umpire to be more conservative as it considers the size of the next annual pay rise for millions of low-paid workers.

AAP

No surplus in sight as New Zealand outlook worsens

New Zealand Finance Minister Nicola Willis has pledged to deliver income tax cuts in the May 30 budget even as the government books worsen.

AAP

PM says minimum wage workers 'should not fall behind'

Lowest-paid workers should not be going backwards and worker pay rises are not at odds with moderating inflation, the prime minister says.

AAP

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The Guardian - UK

The Observer view on deprivation: poverty data is a mark of shame for Tory rule

Prioritising tax cuts for the better off while letting children bear the brunt of financial hardship is not only cruel, it makes no financial sense

The Guardian - UK

Austerity doesn’t just damage public services, it destroys faith in the future

Britain can’t afford the tax cuts announced in the budget

Top News

Trump Suggests Tax Cuts To Offset Tariff Impact

President Trump addresses concerns about tariffs and suggests using tax cuts to offset negative impacts. Debate over tariffs and trade policy continues ami...

Kiplinger

Wealth Transfer and Strategic Gifting Opportunities for 2024

Inflation adjustments to the gift and estate tax exemptions, along with the pending sunset of some tax cuts, make 2024 the year to dig into transfer strategies.

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Top News

Senator Tim Scott Criticizes President Biden's Border Policies

Senator Tim Scott criticizes President Biden's immigration policies and praises Trump's tax cuts for boosting the economy. He emphasizes the need for stric...

The Guardian - UK

Labour steps up preparations to govern as Reeves attacks ‘unfunded’ Tory tax cuts

Shadow cabinet talk with Whitehall officials after Keir Starmer meets head of civil service

The Guardian - UK

How a Conservative budget failed to help women (again)

A single man would gain £346 from tax cuts, compared with £279 for a woman and just £85 for the typical lone mother

The Guardian - UK

UK ‘fiscally offside’ by up to £60bn, Citi fears; house prices rise again – as it happened

Rolling coverage of the latest economic and financial news, as economist warns OBR productivity forecasts are much too optimistic

The Guardian - UK

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Guardian - UK

Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

The Guardian - UK

Jeremy Hunt’s last budget before an election – but not his last roll of the dice

These latest tax cuts were not the gamechanger the Tories need before the election

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