Latest in Tax Cuts
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Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - October 24 -
5 obstacles Republicans will face on the road to tax cuts
Republicans are facing some tough decisions regarding their desired tax cuts as one of their top legislative priorities, some of which have dogged the conference for years. While there is broad GOP ...Politics - The Hill - 7 hours ago -
The Papers: 'King cuts off Andrew' and 'tax blow for care homes'
A range of stories are on the front of Saturday's papers including a new biography about the royals.Top stories - BBC News - November 2 -
Colorado governor says tax cuts key to state's shift left
Colorado Gov. Jared Polis (D) said on Wednesday tax cuts are key to his state’s shift to the left in the wake of President-elect Trump’s win in the 2024 presidential election. Republicans made ...Politics - The Hill - November 8 -
The markets could have the final say on Trump’s tax cuts and tariffs
Financial markets could wind up as the final arbiter about whether he has gone too far.Politics - The Hill - 6 days ago -
Granholm warns that cutting EV tax credits would be ‘ceding’ to China
Energy Secretary Jennifer Granholm warned Friday that President-elect Trump’s reported plans to cut consumer subsidies for electric vehicles (EVs) would benefit China. “You eliminate these credits, ...Politics - The Hill - 5 days ago -
How Trump and Republicans could pay for new tax cuts
President-elect Trump and Republican lawmakers are gearing up to push a massive tax-cut bill through Congress next year but will face pressure to find ways to cover the costs. While Trump and many ...Politics - The Hill - 2 days ago -
How Trump’s Tax Cuts and Tariffs Could Turn Into Law
Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.Business - The New York Times - Yesterday -
Ryanair warns air travel tax rises mean 10% of its UK flights could be cut
CEO Michael O’Leary says decision to raise passenger duty ‘will deliver cuts, not growth’Business - Financial Times - November 1 -
Here’s what can stall Trump’s tax and tariff plans
Surging 10-year Treasury yields could temper Trump administration plans that risk growing the large U.S. deficit.Business - MarketWatch - November 6 -
Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs
Tax cuts are 'a signature part of his program,' Mnuchin said in a "Squawk Box" interview.Business - CNBC - November 7 -
Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run
The president-elect’s plan may do more harm than good, experts said.Business - MarketWatch - November 8 -
Get ready for a relatively quick extension of some 2017 tax cuts if GOP holds on to House
If Republicans end up with a sweep of the House, Senate and White House, they’re expected to focus on using a budget process known as reconciliation to address the upcoming expiration of their 2017 ...Business - MarketWatch - November 7 -
Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts
More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closuresBusiness - Financial Times - November 10 -
What to expect when President Trump tries to make tax cut promises reality, even with GOP sweep in Congress
Trump promised tax cuts for individuals and businesses. With deficit hawks in the GOP and bond market fixated on rising debt, a GOP sweep may not be enough.Business - CNBC - November 12 -
Jim Cramer explains why the promise of tax cuts could have sent stocks lower on Tuesday
CNBC's Jim Cramer suggested that if Trump's new tax plans are similar to those he implemented in 2016, wealthy people will stand to benefit the most.Business - CNBC - November 12 -
Republicans clinch control of House, setting stage for quicker action on extending tax cuts
Republicans are poised to keep their hold on the House in the new year, as the AP just called enough House races in their favor. Having scored a sweep in this month’s election, the party is ...Business - MarketWatch - November 14 -
Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely something has to give, and someone lose.Business - CNBC - 5 days ago -
Trump’s tax cuts and Musk’s Doge show they have no idea about US debt | Jeffrey Frankel
It is often said the tycoons know how to put America’s fiscal house in order – but the smart money says that’s not the case. When the US presidential election was called for Donald Trump, the yield ...World - The Guardian - 46 minutes ago -
IMF hails Reeves’ ‘sustainable’ tax rises; Resolution Foundation says budget marks ‘decisive shift from planned cuts’ – business live
Foundation says there will be better funded public services in schools, NHS and justice but households face further squeeze. And a few more – Resolution Foundation analysis:. Tax and benefit ...World - The Guardian - October 31 -
Goodbye to low-tax Britain
One does not need to subscribe to hyperbolic Tory rhetoric to recognise that this Budget heralded a major shiftBusiness - Financial Times - October 30 -
GOP tax battle rages
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Tax battle brewing among Republicans over debt fears President-elect Trump's ...Politics - The Hill - November 12 -
Trump’s Tax Plans
Three scenarios for how Republicans could approach cutting taxes next year.Top stories - The New York Times - 6 days ago -
Tariffs and taxes are not very inflationary
Households will pay, but probably not through much higher pricesWorld - Financial Times - 2 days ago -
These two ‘low tax’ states are getting socked with fast-rising property taxes
Nationally, property taxes in major cities have gone up 30% since 2019, according to a new Redfin analysis.Business - MarketWatch - October 29 -
Here's how Harris and Trump's tax plans would impact your taxes
Harris and Trump both have proposed historically large tax overhauls. Here's what to know.Top stories - CBS News - November 5 -
Business and wealthy bear brunt of £40bn tax increases in UK Budget
Markets unsettled by extent of government borrowing as Rachel Reeves boosts spendingBusiness - Financial Times - October 30 -
Why it’s hard to box in the wealthy on tax
Budget measures and missed opportunities show difficulty of raising large sums from highly mobile executivesWorld - Financial Times - October 30 -
How are the inheritance tax rules changing?
Chancellor Rachel Reeves has announced a series of changes to the way inheritance tax works.Top stories - BBC News - 2 days ago -
Watch: The farming inheritance tax row explained
BBC Verify examines the different claims about how many farms will be affected by the inheritance tax changes for agricultural assets.Top stories - BBC News - 2 days ago -
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...Politics - The Hill - November 4 -
Associated Press to Cut Staff by 8%
The reductions come just two weeks after Election Day, when The A.P. played a key role in calling races across the United States.Business - The New York Times - 2 days ago -
Ford to cut 4,000 jobs in Europe
Headcount reduction comes as industry faces pressure over EV switch and competition from ChinaBusiness - Financial Times - Yesterday