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The Latest Breaking News from Tax Cuts

Texas Republicans are fighting over how to split $12.3 billion in property tax breaks between homeowners and businesses

Gov. Greg Abbott and House Speaker Dade Phelan back a plan that spreads property tax relief among all landowners, while Lt. Gov. Dan Patrick’s proposal would give homeowners a bigger boost than businesses.

The Texas Tribune

National still taking bait from streetfighter Hipkins

With the polls narrowly backing a National/ACT government, National should have the confidence to come out from the shadows and more positively assert its own agenda, says Peter Dunne

Newsroom.co.nz

Republican priorities on school choice, border fail, but late-night compromises resurrect others

Rushed agreements and suspended rules rescue legislation on the electric grid and economic incentives for companies, and work is still being done on a property tax proposal.

The Texas Tribune

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Labour goes negative on National-ACT 'cuts'

Labour kept up its attacks on the Opposition's proposed tax cuts but fumbled its own number-crunching at a party congress.

Newsroom.co.nz

A thought experiment, 1939: will a Nazi Europe buy our lamb?

How might things have gone had we looked to the ideology of tax cuts to defeat fascism in WWII, asks Nicholas Agar?

Newsroom.co.nz

IMF says UK no longer heading for recession but urges against tax cuts

Jeremy Hunt should squeeze public spending and cut debt, says Washington-based body

The Guardian - UK

NC governor declares ‘state of emergency’ due to GOP school voucher expansion, tax cuts

RALEIGH, N.C. — Democratic Gov. Roy Cooper declared Monday that “public education in North Carolina is facing a state of emergency” in the face of “extreme legislation” being promoted by Republican state lawmakers.

Tribune News Service

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Alan Kohler: The battle for America’s heart, soul and future

Republicans are threatening to force America to default on its debt if there isn’t a crackdown on welfare for the poor.

The New Daily

Jeremy Hunt hints at tax cuts as he urges Tories not to talk the country down

Jeremy Hunt said the push to cut inflation would result in tax cuts

The Independent UK

Of the many things the budget didn’t explain, this could be the most important

Did the budget leave the Albanese government, just one year old this week, the maximum amount of political room to move?

The New Daily

States Where You’ll Pay Less Income Tax in 2023

Many states have lowered personal income tax rates for this year. Do you live in one?

Kiplinger

Kwasi Kwarteng STILL not sorry for Budget misery he caused - as he's 'looking forward'

Mr Kwarteng, who was sacked by Liz Truss as she desperately tried to stay in Downing Street in October last year, sparked chaos by announcing a wave of tax cuts which spooked the markets.

Daily Mirror

Cost of stage-three tax cuts balloons to $313 billion

The cost of the stage-three tax cuts has blown out to $313 billion over 10 years, with more than half of the benefit set to flow to rich.

The New Daily

Morning Mail: cost of tax cuts to soar, Biden cancels Australia visit, call to regulate AI

Income earners in top 20% set to scoop $227.6bn of total $313.1bn benefit; president to focus on domestic political deadlock due to US debt

The Guardian - AU

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France 24

Macron’s tax cuts attempt to woo the French middle class

French President Emmanuel Macron announced on Monday evening tax cuts of up to €2 billion for the French people. The announcement targets France’s middle class, which has borne the brunt of high inflation and stagnating salaries over the past few months.

The Guardian - AU

Stage-three tax cuts cost blowout predicted, with men and the wealthy to benefit most

Adam Bandt decries ‘massive black hole’ after Parliamentary Budget Office analysis puts cost at $313bn over a decade

Radio France Internationale

Macron promises €2 billion in tax cuts for French middle class

As part of his continued attempt to move past his government’s contentious pensions reform, French President Emmanuel Macron has announced two billion euros of tax cuts for the middle class before the end of his term.

The Texas Tribune

Why tax policy experts fear the Texas House plan to lower property taxes could have dire ripple effects

Both the House and the Senate’s proposals on property tax cuts would give modest savings to the typical Texas homeowner, but critics say the House plan could create vast inequities and disproportionately benefit wealthy homeowners.

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The Guardian - AU

Failure to protect nature is a bigger threat to humanity than inflation, Australian scientists warn

‘For just 10% of the stage-three tax cuts, we could recover every one of Australia’s almost 2,000 threatened species,’ says ecologist

The Guardian - AU

You be the Australian treasurer: raise welfare, reform the tax system, go for a federal budget surplus

Tax cuts for high-income earners, build a bullet train, scrap the submarine program, raise jobseeker – you decide in this interactive feature

The Guardian - AU

Jobseeker must be substantially raised in the budget – and there’s a simple way to pay for it

If the stage-three tax cuts were only temporary, there would be no need to delay lifting support for those who need it most

Kiplinger

IRS Relief for Florida Comes as Lawmakers Mull Major Tax Cuts

Residents impacted by recent severe Florida storms have an extended IRS tax deadline.

ABC News

These tax cuts are set to reshape Australia's budget

The stage 3 tax cuts are too big to fit on a single screen. We had to get creative to put them into perspective.

The New Daily

‘Considerable’ numbers of Labor MPs join push to raise JobSeeker

Economists, anti-poverty advocates and Labor MPs are among those calling on the government to raise the “cruel” rate of JobSeeker.

Reuters

Italy plans looser rules on short-term jobs, tax cuts on wages

Italy plans contested legislation that will make it easier for firms to hire workers on short-term contracts, as part of a set of measures aimed at boosting jobs and families' purchasing power, including tax cuts for middle- and low- income workers.

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