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The Latest Breaking News from Tax Cuts

MTG signals the one thing that will cost Republicans ‘bigly’ in midterms in warning to colleagues

Republicans are at odds on whether to pass Trump’s tax cuts, which could introduce $4.6 trillion to the national debt over the next decade

The Independent UK

Congress returns as Trump’s domestic agenda hangs by a thread

Between the debt limit, tax cuts and Medicaid, the House and Senate remain far apart. And the clock is ticking

The Independent UK

2025 Tax Reform: Are Trump and the GOP Actually Planning to Raise Taxes?

As high-stakes tax reform talks resume on Capitol Hill, questions are swirling about what and President Trump and the GOP will do.

Kiplinger

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Albanese handed win in final leaders’ debate – as it happened

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The Guardian - AU

Republican unity to be tested in talks over Trump’s ‘big, beautiful bill’

Party eyes dramatic spending cuts to turn president’s promises into reality – but not all lawmakers are on board

The Guardian - US

The Republican anti-tax coalition is beginning to disintegrate

For half a century, the GOP has embraced tax cuts for the rich. But as Americans turn against the idea, the party is divided

The Guardian - US

First-quarter tax lobbying bonanza as reconciliation beckons - Roll Call

Lobbying on tax issues exploded during the first quarter of this year, as Congress prepared to extend the 2017 tax cuts.

Roll Call

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Missed Tax Day? Nearly One Million Taxpayers Still Can File and Claim Valuable Tax Refunds

As many as one million taxpayers could be missing out on a significant tax refund.

Kiplinger

Labor receives assurances from Indonesian defence minister – as it happened

This blog is now closed

The Guardian - AU

Battle of the election ‘sugar hits’: Labor and Coalition announce tax plans at duelling campaign launches

Albanese unveils an automatic $1,000 deduction on annual tax returns while Dutton pledges $1,200 one-off tax refund for low- and middle income earners

The Guardian - AU

Two Cheers for Extended Tax Cuts and an IRS in Chaos

It’s not the reform we need, but it’s welcome relief from ravenous and unpopular tax collectors.

Reason

$337 billion, two-year budget gets Texas House approval

The lower chamber’s plan largely aligns with the Senate’s proposal and puts billions toward teacher pay, border security and property tax cuts.

The Texas Tribune

A win for Mike Johnson? The finish line of the speaker’s budget marathon is still far in the distance

ANALYSIS: ANALYSIS: The GOP has a long way to go before legislation extending the Trump tax cuts and cutting federal spending makes it into law, writes John Bowden

The Independent UK

Texas plans to spend $51 billion on property tax cuts. It may not be sustainable.

State budget watchers — and some Republicans — worry Texas is spending too much on property tax cuts.

The Texas Tribune

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Reason

These Reforms Would Simplify Our Messy Tax Code—and Level the Playing Field

The government currently collects revenue in an arbitrary and distortionary manner, with loopholes that benefit special groups.

Salon

GOP budget "just the first set of cuts"

"Wealthy Americans, on the other hand, would have a larger share of the economic pie"

The Guardian - AU

Poorest urban fringe electorates gain most from Labor’s first-term tax and welfare reform, ANU research shows

Exclusive: The wealthiest households on average will be nearly $800 worse off, modelling reveals, as a result of the rejigged stage-three tax cuts

The Guardian - US

Top US companies spent three times as much on buybacks as taxes after Trump cuts – report

As president proposes new cuts, data shows 11 corporations collectively recorded nearly $500bn in profits since last cuts

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The Conversation

Why tax literacy should be a national priority in Canada

The last time Canada’s political parties campaigned during a tax season was more than a decade ago. This year, taxes are a hot topic, and for good reason. Shortly after the federal election was called, the political parties began rolling out promises of tax cuts to win over voters.

The Independent UK

Wall Street gets its Trump wake-up call

Analysis: Wall Street is freaking out about Trump’s trade war. But it was always in plain sight

Roll Call

Budget battle in the House - Roll Call

Speaker Mike Johnson faces a rebellion within GOP ranks over a budget blueprint that squeaked through the Senate. CQ Roll Call’s Caitlin Reilly, Paul M. Krawzak and David Lerman assess the outlook for final adoption of a budget resolution and the big fights over Medicaid cuts and whether to pay…

Roll Call

'Current policy' debate dogs budget reconciliation efforts - Roll Call

The Senate's budget blueprint has triggered a fight over wiping away the cost of tax-cut extensions in a bid to make them permanent.

Salon

GOP's magic math undermines Trump's plan

Republicans are wishing away the debt to give tax cuts to the wealthy

Fortune

Trump tariffs could help clear the way for bigger tax cuts as Congress eyes a potential revenue windfall — and a shrinking economy

Economists at Citi Research said in a note on Thursday that the aggressive tariffs "may now become a justification for larger tax cuts."

Roll Call

House GOP won't be jammed by Senate on budget, leaders pledge - Roll Call

Speaker Mike Johnson and his GOP leadership team on Saturday sought to tamp down a brewing revolt on the budget resolution.

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