Tax Cuts - QuikReader

Senate GOP spikes House tax plans

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP rejects House conservative tax pitch Senate Republicans are tossing ...

The Hill - 3h

Starbucks Expecting Job Cuts by March

Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.

The Wall Street Journal - 5h

US Debt Faces Record as Trump and GOP Plan Tax Cuts

The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

The New York Times - 5h

What Did Trump’s Tax Cuts Do?

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

The New York Times - 13h

House Budget Republicans eye more than 200 spending cuts, tax changes for major bill

Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for their ...

The Hill - 7h

Trump’s Treasury pick warns unwinding tax cuts would spark ‘economic calamity’

Scott Bessent also tells US senators in heated confirmation hearing that he backs tougher sanctions on Russian oil

Financial Times - 1d

Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs

Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.

The New York Times - 1d

These five Republicans are ready to derail Trump's tax cuts over the SALT cap

President-elect Donald Trump's signature tax cut bill could hinge on a House Republican fight over state and local tax deductions.

CNBC - 1d

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.

CNBC - 1d

Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers

Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.

The New York Times - 3d

How to Pay Your Taxes Online

Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We break it down so you can have the most worry-free tax filing possible.

Wired - 3d

Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers

The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.

The New York Times - 5d

Trump’s return raises prospect of global tax war

Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffs

Financial Times - 5d

Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep

Income-tax refunds averaged more than $3,100 last year. How much will they be this year?

MarketWatch - 6d

Trump's tax-cut obstacle course

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...

The Hill - Jan. 10

IRS announces the start of the 2025 tax season

The 2025 tax season will begin on Jan. 27 for individual taxpayers. Here are some options to file your 2024 taxes for free.

CNBC - Jan. 10

Reeves faces 'difficult decisions' on tax and spending

The warning from a former Bank of England official comes in the wake of rising UK borrowing costs.

BBC News - Jan. 10

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - Jan. 10

Does the IRS ever forgive back taxes?

The IRS may be known for taking a hard stance on tax debt repayment, but that isn't always the case.

CBS News - Jan. 9

Cutting out alcohol for "Dry January"

Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.

CBS News - Jan. 9

Canadiens Players Hit Hardest By Taxes

The Hockey News had a tax expert produce tax returns for player earning $3 million USD in all 32 markets and the data shows the Canadiens' player really are hit the hardest by taxes.

Yahoo Sports - Jan. 9

Tax lessons for governments from Henry George

The 19th-century political economist understood that the whole of society should benefit from outsized profits

Financial Times - Jan. 9

Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.

President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.

The New York Times - Jan. 9

Gingrich urges Trump, GOP to pass tax cuts in 'one big, beautiful bill'

Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single wide-ranging reconciliation bill, arguing that the GOP’s narrow House ...

The Hill - Jan. 8

3 reasons Trump keeps floating U.S. control of Greenland — including one tied to tax cuts

Here’s why President-elect Donald Trump keeps talking about one idea from his first term in office — getting control of Greenland, the giant territory controlled by Denmark.

MarketWatch - Jan. 8

Biden expands wind and solar tax credit to nuclear, hydropower, geothermal energy

The Biden administration on Tuesday finalized a guidance that expands a tax credit that has historically applied only to wind and solar power to a range of other energy technologies. Under a new ...

The Hill - Jan. 7

Next warns of ‘anaemic’ growth after UK Budget tax increases

Retailer says measures will cost it £67mn in current financial year and warns of potentially chilling effect on economy

Financial Times - Jan. 7

GOP memo: Congress likely can't slash certain infrastructure law programs for tax cuts

Politico - Jan. 6

France signals fewer spending cuts and tax rises ahead of budget talks

Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025

Financial Times - Jan. 6

Firms to raise prices due to tax and wage increases

Consumers could face higher costs in the coming months amid falling confidence among UK businesses.

BBC News - Jan. 6

Trump backs massive single bill for taxes, border and energy

Some Republicans have expressed support for enacting two pieces of legislation, instead of trying to stuff everything into one bill.

Politico - Jan. 5

Polish wealth managers warn against tax changes for family foundations

Structure was set up in 2023 to encourage money to stay in the country

Financial Times - Jan. 5

Steep costs of Irish reunification deter Dublin despite tax windfall

Ending division between north and south could lead to €20bn bill every year for two decades

Financial Times - Jan. 5

DraftKings tests a subscription service as it looks to offset high New York taxes

DraftKings is testing the subscription service in New York, which is tied for the highest tax rate on sports wagering in the country.

CNBC - Jan. 3

Nuclear-Energy Stocks Gain After Easing of Hydrogen Tax-Credit Rules

The final rule for clean-hydrogen production would allow some nuclear power plants that are at risk of retirement to produce the gas.

The Wall Street Journal - Jan. 3

Online traders warned to check tax return status

Deadline looms as Airbnb, eBay and other platforms report individuals’ income

Financial Times - Jan. 3

Slovakia threatens to cut benefit for Ukrainians

Yahoo News - Jan. 3

UK heading for tax rises despite return to growth, economists say

The FT’s annual poll forecasts better performance than France and Germany

Financial Times - Jan. 3

Slovakia threatens to cut benefit for Ukrainians

A dispute between Slovakia and Ukraine over Russian natural gas transit has been escalating.

BBC News - Jan. 2

Here are 9 states cutting their individual income taxes on Jan. 1

Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.

CBS News - Jan. 1

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