Latest in Rise Trump Tax
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CBO projects deficits will sharply rise if Trump tax cuts made permanent
New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made permanent and not simply extended. In response to an inquiry from House ...The Hill - 1d -
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know
The state and local tax deduction could change in 2025 as lawmakers debate Trump's tax cuts. Here's what to know.CNBC - Mar. 12 -
The Papers: 'Starmer threatens Putin' and 'council tax soars'
Friday's front pages cover proposals for a Ukraine military deployment and council tax rises.BBC News - 1d -
State and local tax deduction could change amid Trump's tax cuts debate. Here's what to know.
As lawmakers debate President Donald Trump’s tax cuts, a key deduction could become a sticking point in 2025 tax negotiations, policy experts say.NBC News - Mar. 13 -
China’s Tax Revenue Declines as Its Leaders Brace for Trump’s Tariffs
Tax revenues have fallen, leaving the government with less money to help consumers or exporters as Beijing braces for President Trump’s tariffs.The New York Times - 10h -
GOP senator says 'tariffs is a tax' and Trump understands 'completely'
A GOP senator says President Trump's tariffs are a tax on American consumers, and Trump knows but the goal is to create open markets and long-term fairnessThe Hill - Mar. 13 -
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.The New York Times - Mar. 10 -
Behind Ontario's tax on electricity for the U.S.
Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...CBS News - Mar. 10 -
The madness of the £100,000 childcare tax trap
With some parents requiring a 50 per cent pay rise to mitigate the effects of the threshold, the trap is zapping productivityFinancial Times - 1d -
Trump doesn't rule out recession, rising inflation
In an interview with Fox News, President Trump acknowledged inflation could continue to rise and wouldn't say whether or not he thinks the U.S. economy could fall into a recession. Nikole Killion ...CBS News - Mar. 9 -
Tax relief for cash Isa savers rose to £2.1bn last year
Cost to the UK Treasury rises 30-fold in two years due to rising interest rates and frozen thresholdsFinancial Times - 3d -
Threshold for filing ‘side hustle’ tax return to rise to £3,000 in UK
Cash earnings to increase from current level of £1,000 in boost to people who sell goods onlineFinancial Times - Mar. 11 -
Government shutdown odds rise. Here’s what it means for markets and your wallet.
Americans may face tax-refund delays and long waits at airports.MarketWatch - Mar. 13 -
The Rising Cost of Trump’s Chaos
Confusion over trade policy is a drag on the economy as businesses slow hiring and reduce investments. Four entrepreneurs explain exactly how they’re being hit.Inc. - Mar. 14 -
Dr. Mehmet Oz may have underpaid Medicare and Social Security taxes, Senate Democratic memo finds
Dr. Mehmet Oz, President Donald Trump’s nominee to oversee the Center for Medicare and Medicare Services, may have “significantly” underpaid Medicare and Social Security taxes.NBC News - Mar. 13 -
Trump says Democrats would be to blame for shutdown, suggests it could delay tax cuts
President Trump said Thursday that Democrats would be to blame if government funding runs out this week and suggested a shutdown could delay GOP efforts to extend expiring tax cuts. "They do a ...The Hill - Mar. 13 -
Call it a defence levy or even a patriot tax – but Labour is going to have to raise taxes, fast | Gaby Hinsliff
The world has shifted and defence spending has to rise. But time is running out for the government to make a case for it. Five years ago this weekend, life as we knew it was suspended overnight. ...The Guardian - 4d -
Risk of ‘Trumpcession’ rising, economists say, as global markets fall
Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investors. Business live – latest updates The risk that the US economy will enter recession this year is rising, according ...The Guardian - Mar. 10 -
Consumer sentiment falls to a 29-month low. Uncertainty rises due to tariffs and Trump tumult.
A burst of optimism after Donald Trump won the presidential election has evaporated. Americans worry about rising inflation due to the president’s tariffs, a new survey shows, and they are put off ...MarketWatch - Mar. 14 -
Gavin Newsom’s Podcast Hosts Steve Bannon, Covering Musk, Trump and Taxes
The California governor hosted one of the architects of President Trump’s political movement on his new podcast, and their friendly sparring revealed a few points of agreement.The New York Times - Mar. 12 -
The Republicans Pushing Trump to Save Biden’s Clean Energy Tax Credits
Despite President Trump’s rollback of climate policy, some Republicans and business leaders say clean energy can help his “energy dominance” agenda.The New York Times - 5d -
PM faces calls to exempt hospices from National Insurance increase
The NHS will be shielded from April's tax rise but this does not cover private hospices, care homes and pharmacies.BBC News - 3d -
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As France Sours on Trump’s America, De Gaulle Is on the Rise
Charles de Gaulle’s insistence on French power and autonomy is being cited widely in France; one politician demanded that an America on “the side of the tyrants” return the Statue of Liberty.The New York Times - 4d -
UK should not cave in to Trump’s ‘bullying’ over tech tax says Davey
Lib Dem leader warns US president is ‘an unreliable ally’Financial Times - 1d -
UK looks at cutting digital services tax to avoid Trump tariffs
US ambassador Lord Peter Mandelson signals that a variety of options are on the tableFinancial Times - 1d -
Trump threatens 200% tariff on alcohol from EU
Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.BBC News - Mar. 13 -
‘Be careful about this’: Warnings abound as GOP considers writing off tax cuts
Republicans will discuss the accounting maneuver with President Donald Trump on Thursday.Politico - Mar. 12 -
What Oil Executives Want From President Trump
Tariffs, tax credits and deregulation are among the industry’s top priorities.The New York Times - 3d -
Carney ready to talk trade with Trump if 'there's respect for Canada's sovereignty'
Prime minister-designate's comments follow Canada's reciprocal tariffs on US imports after Trump slapped taxes on steel and aluminium.BBC News - Mar. 12 -
Beware America’s fake fiscal conservatives
Republicans are indulging in budgetary chicanery in order to preserve Trump’s tax cutsFinancial Times - Mar. 13 -
Trump’s tariffs will be paid by the poor – while his tax cuts help the rich | Robert Reich
The math doesn’t work in the president’s economic promises, which will create a giant upward transfer of wealth. Donald Trump apparently believes his tariffs will bring so much money to the US ...The Guardian - Mar. 15 -
It’s ‘Maganomics’: Trump’s brash economic strategy is likely to end in crash or crisis | Jonathan Portes
Large tax cuts for the rich, import tariffs, and the competing interests of Republican nationalists and the techno-right is a dangerous combination. What connects Donald Trump’s approach to trade, ...The Guardian - Mar. 12 -
Ireland could lose pharma tax to US after Trump accusations, experts warn
Predictions that US firms could retain manufacturing plants in Ireland but move profits back to America. US pharmaceutical companies based in Ireland are more likely to shift profits back to the US ...The Guardian - Mar. 13 -
UK races to avoid Trump tariffs
US wants Britain to drop its digital services tax, which affects big American companiesFinancial Times - 1d -
Trump Wants to Kill Carried Interest. Wall Street Will Fight to Keep It.
President Trump has been trying to eliminate the tax loophole, which benefits Wall Street, but Congressional Republicans may stand in the way.The New York Times - Mar. 8 -
Tariffs may be worth it, but Trump must level with the public about the coming pain
President Trump's tariffs on imported goods are causing prices to rise, resulting in American taxpayers paying the ultimate cost of the tariffs.The Hill - Mar. 14 -
Binance token rises following report that Trump family has discussed stake in the crypto exchange
The Journal said Binance first approached Trump allies last year as part of a broader effort to regain access to the U.S. market.CNBC - Mar. 13