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The Latest Breaking News from Tax Cuts

Trump’s tariffs cancel out what he claims is ‘the largest tax cut in American history’: The average person will lose $300 even after refunds

“If the tariffs were out of the picture, it would be real relief for American workers and businesses,” the Tax Foundation’s Erica York told Fortune.

Fortune

Working Families Tax Cuts Act Kicks In Next Year: 5 Moves To Make Before the Rules Shift

Working Families Tax Cuts Act takes effect 2026 with retroactive provisions. Make these strategic moves now for tips, overtime, car loans, HSAs and refunds.

GOBankingRates

Japanese shares hit record high as Sanae Takaichi wins landslide election victory

Prime minister’s Liberal Democratic party to be pressed on promised tax cuts and fiscal stimulus plans

The Guardian - UK

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The 2026 Tax Law Change That Could Cost You Thousands — Unless You Do This Now

For the last eight years, tax season was deceptively simple for most Americans. Thanks to the 2017 Tax Cuts and Jobs Act (TCJA), the Standard Deduction was so high, nearly $30,000 for couples, that 90% of taxpayers stopped tracking receipts. You didn’t need to log your charitable donations, medical bills,…

Thousandaire

Trump's One Big Beautiful Bill Boosts $1000 Refund Rush – Treasury Braces for Record Payouts

US taxpayers face a record-breaking refund season as Trump's retroactive tax cuts trigger an £80 billion windfall, though a reduced IRS workforce struggles to cope.

International Business Times UK

I Asked ChatGPT for Trump Policy Impacts in 2026 — 3 Predictions for Middle Class

Trump’s tariffs, tax cuts and Medicaid reductions could raise costs and offer limited middle‑class relief, increasing inflation and financial strain.

GOBankingRates

₹92 per Dollar Isn’t Just a Number: Why a Weak Currency Makes Life Costlier in India

A weak rupee does not stay in currency markets. It quietly shows up in household budgets. When the rupee moves toward levels like 90 or beyond against the dollar, India starts paying more for fuel, food, education, healthcare, travel, and essential imports. Life does not feel expensive overnight. It feels…

Times Life

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Japan's central bank holds rates steady after bond sell-off and ahead of elections

The Bank of Japan announced this Friday that its policy interest rate remains unchanged at 0.75%. The decision comes after a huge sell-off in Japanese bonds this week, triggered by Prime Minister Takaichi's call for snap elections, and unfunded tax cuts that fuelled inflation fears.

Euronews

Trump’s $2K Dividend Explained: Tax Cuts, Refunds or Direct Payments?

Sources say they would be similar to tax refund checks.

GOBankingRates

Greece introduces 2026 tax cuts aimed at families and young workers

Athens has lowered most income tax rates by two points and rolled out extra breaks tied to children and for younger workers, including zero income tax for under-25s earning up to €20,000.

Euronews

Dollar Climbs With T-Note Yields

The dollar index (DXY00 ) today is up by +0.27%. The dollar is stronger today as higher T-note yields strengthened the dollar's interest rate differentials. Also, comments today from Richmond Fed President Tom Barkin were supportive of the dollar when he said he expects tax cuts and deregulation to lift...

Barchart

Cathie Wood Says Trump's New Tax Cuts Will Be Like 'Reaganomics' On Steroids

ARK Invest CEO Cathie Wood is forecasting a historic economic boom driven by the incoming administration's fiscal policies, describing the landscape as “Reaganomics on steroids.”

Benzinga

Gov. Greg Abbott has a sweeping plan to abolish Texas’ school property taxes. Would it work?

The governor must first win over lawmakers who have rejected similar proposals. The state may have to backfill more than $17 billion for school funding alone.

The Texas Tribune

Elizabeth Warren Calls Trump 'Most Corrupt President' Citing Memecoin, Multi-Million CEO Dinners And Tax Cuts For Billionaires

Sen. Elizabeth Warren (D-Mass.) on Sunday called President Donald Trump’s tenure the “most corrupt” in America’s history, criticizing his involvement in cryptocurrency ventures, meetings with leading industry figures, and other decisions.

Benzinga

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The Texas Tribune

Texas voters said no to property tax hikes this week, as Republican leaders signal more cuts ahead

Even voters in Austin, one of the state’s most liberal cities, shot down a measure to raise property taxes.

The Guardian - UK

What would UK economic policy look like under Nigel Farage’s Reform?

Leader’s speech offered most detailed explanation yet on party’s priorities on tax cuts, benefits, wages and pensions

The Independent UK

Farage says substantial tax cuts ‘not realistic’

The Reform UK leader used a speech in London on Monday to promise sweeping deregulation, arguing the UK had ‘squandered’ Brexit.

Evening Standard

Reform's substantial tax cuts ‘not realistic’ admits Nigel Farage

The Reform UK leader used a speech in London on Monday to promise sweeping deregulation, arguing that the UK had ‘squandered’ Brexit

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The Guardian - UK

UK economy ‘doomed’ under Labour, says Ryanair chief

Michael O’Leary says Rachel Reeves needs tax cuts to create growth, as airline’s profits jump 42% in first half

Evening Standard

Farage to row back from tax cuts as he pledges ‘most pro-business’ government

Reform UK leader Nigel Farage is expected to use a speech in London to promise sweeping deregulation.

The Guardian - UK

Nigel Farage to promise business deregulation in economic policy speech

Reform UK leader to set out ‘pro-entrepreneurship’ agenda while rowing back on tax cuts pledge

Reason

America's $30 Trillion Publicly Held Debt Is 42 Times Larger Than It Was in 1980

Democrats defend every entitlement and dream up new benefits. Republicans demand more defense spending and still more tax cuts.

The Guardian - UK

US debt set to soar above Italy and Greece after Trump’s ‘big, beautiful bill’

While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowing

Kiplinger

Trump Tax Bill 2025: What Changed and How It Affects Your Taxes

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's "big beautiful bill."

AAP

Ley reveals tax cuts, backflips on unpopular policies

The coalition has outlined priorities it will take to the next election, with leader Sussan Ley attempting to win back voters after a stinging defeat.

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