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The Latest Breaking News from Tax Cuts

While the odds for a new tax bill in 2025 are quite good, there are some sticking points that President Trump and Congress will have to work through.

Kiplinger

Congress Should Extend the Trump Tax Cuts. The Path Won't Be Easy.

Not doing so could be harmful for just about everyone.

Reason

Republicans reportedly ready to cut Medicaid funding to pay for Trump plans

House and Senate Republicans float ideas to pay for Trump’s immigration crackdown and to fund tax cuts

The Guardian - US

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Tax cuts not enough to sway voter economic worries

The treasurer has brushed off polling showing voters are pessimistic about their finances despite cost-of-living relief measures.

AAP

Trump Meets Endangered House Republicans To Discuss Legislative Agenda

President Trump meets with vulnerable House Republicans to discuss tax cuts and legislative priorities amidst strategic and substantive divisions.

Top News

Kansas Republicans Push To Ban Gender-Affirming Care For Youth

Kansas politics reflect a divide on economy and transgender rights, with Republicans prioritizing tax cuts and opposing gender-affirming care for youth, wh...

Top News

The Politics of “Common Sense” Is Making Us Meaner

Cutting services is treated like conventional wisdom. But it has led to a world that fails many of us

The Walrus

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Kevin O'Leary Says A 'Uni-Passport' Under Trump Could Make It Easier For Americans And Canadians To Work And Study In Each Other's Countries

Kevin O'Leary has detailed the priorities of US President Donald Trump, which include tax cuts, deregulation, tariffs, and achieving energy independence.

International Business Times UK

Trump versus the bond market: president-elect’s campaign rhetoric puts investors on edge

Some analysts fear ballooning federal debt and a bullish stock market means ‘something will surely snap’

The Guardian - UK

CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump

The Independent UK

Voters wary of Trump’s tax cuts and tariff policy, new poll says

Trump enters White House with higher overall enthusiasm from Americans than previous term, according to poll

The Independent UK

Confirmation Hearings Shed Light On Trump's Economic Agenda

Confirmation hearings for Trump's Cabinet nominees focused on domestic and economic priorities, including tax cuts, energy dominance, and climate policies.

Top News

US Faces Economic Calamity If Trump Tax Cuts Expire

Scott Bessent warns of economic calamity if 2017 Trump tax cuts aren't extended, affecting middle-class Americans and adding to the deficit.

Top News

Bessent warns of 'devastating' consequences if tax cuts lapse - Roll Call

Taxes and tariffs took center stage Thursday at a hearing for President-elect Donald Trump’s intended Treasury secretary nominee.

Roll Call

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Top News

Treasury Nominee Urges Extension Of Tax Cuts For Economy

Scott Bessent highlights the urgency of extending the 2017 Tax Cuts and Jobs Act to prevent economic turmoil and tax increases for the middle class.

International Business Times

Trump's Treasury Secretary Nominee Claims There Will Be 'Economic Calamity' If Republican Tax Cuts Are Not Extended

Scott Bessent warned about the dangers of not extending tax cuts implemented during Donald Trump's first term.

Kiplinger

Gov. Hochul to Deliver $1 Billion in Tax Relief to New Yorkers

The New York State Budget deal would benefit middle-class families.

Top News

House Freedom Caucus Proposes Two-Bill Approach For Conservative Policy Overhaul

House Freedom Caucus proposes two-bill approach for conservative policy overhaul, including debt limit increase and tax cuts. Debate within GOP on consolid...

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news in one place.

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Kiplinger

The Tax Stakes for 2025: Planning for All Possibilities

It's unclear whether extending the TCJA provisions for individuals is likely, so what can you do to reduce your overall tax bill either way?

International Business Times

Yellen Warns Against Extending Trump Era Tax Cuts: 'Unsustainable'

US Treasury Secretary Janet Yellen warned Wednesday that plans to extend President-elect Donald Trump's 2017 tax cuts -- which remained in place under Joe Biden but are set to expire -- will add to unsustainable deficits.

Top News

Koch Network Launches M Campaign To Extend Trump Tax Cuts

Koch network launches million campaign 'Protect Prosperity' to extend Trump's tax cuts for his second term.

Roll Call

Reconciliation debate to test ‘tax cuts for the rich’ narrative - Roll Call

If Democrats want to dust off their 2017 playbook as they mount an offensive against extending expiring tax cuts, this month has provided lots of fodder.

Kiplinger

Trump's ‘One Big, Beautiful Bill’ With Trillions in Tax Cuts: What to Know

Is it possible to combine taxes, border security, and energy policy into a single piece of legislation to be passed by Independence Day?

Top News

GOP Reveals Ambitious Agenda For Trump's First 100 Days

GOP reveals ambitious 100-day agenda for Trump's presidency, focusing on tax cuts, border security, and debt limit increase through reconciliation process.

The Guardian - US

Trump and Republicans plot radical policy agenda in one ‘big, beautiful bill’

House speaker says party seeks single piece of legislation covering tax cuts, immigration and military spending

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