The Latest Breaking News from Tax Cuts

Parliamentary Budget Office tool shows how government could deliver tax cuts and also help those in much more need than people earning over $200,000

Republicans have long claimed they are dedicated deficit hawks, blaming Democrats for growing deficits and debt. But two votes they cast after electing Kevin McCarthy as House speaker prove that Republicans are charlatans when it comes to deficit reduction.

It’s going to be a tough call – one of many that await the Labor government in 2023

The poorest 20% of households are aided significantly by services like education and health. But the stage-three tax cuts threatens their funding

More than 100 economists and tax experts have signed an open letter urging Prime Minister Anthony Albanese to reconsider the stage three tax cuts.

'Strikingly inappropriate: One hundred economists are calling on the federal government for its stage three tax cuts to be dumped.

Arthur Laffer, the Reagan-era guru of trickle-down economics, was unchastened by the deficit explosion back then, which effectively disproved his theory that cutting taxes on the rich would increase government tax revenue. According to a recent Washington Post writeup, Laffer continues to be unchastened now, even as Britain reels from…

The U.S. Court of Appeals for the Sixth Circuit concluded some state challenges to the COVID relief bill were not justiciable, but reaches the merits in one case and finds the law lacking.

The situation is dire but it wouldn’t be so bleak if it wasn’t for Liz Truss and Kwasi Kwarteng’s mini-budget that took the country to the edge due to its unfunded tax cuts for the richest in society.