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House GOP releases budget calling for trillions in cuts to taxes and spending

House Republicans released a budget resolution that calls for cutting taxes by up to $4.5 trillion and sets a goal of slashing federal spending by $2 trillion.

NBC News - 14h

Natural Gas Could Get Priority Over Renewable Energy in Largest U.S. Grid

Federal regulators approved a proposal from the nation’s largest grid operator that will give primacy to 50 new power plants, a decision to help meet the country’s growing electricity demand.

The New York Times - 20h

‘I am pretty much uninsurable’: My 20-year term life insurance is up, but I was diagnosed with throat cancer. Do I renew it?

“I am pretty much uninsurable.”

MarketWatch - 15h

Reform UK sets out plan to tax renewable energy

Deputy leader Richard Tice argues net-zero policies are to blame for higher energy bills in the UK.

BBC News - 18h

Trump’s tariffs and tax plans are inflationary. Voters won’t tolerate it.

Trump can no sooner repeal the law of gravity than change some macroeconomic realities.

MarketWatch - 19h

House Republicans release budget plan, with trillions in tax and spending cuts

House Republicans released a budget resolution on Wednesday, laying a foundation for approving President Trump's agenda.

CBS News - 20h

Does bankruptcy clear tax debt?

Clearing your IRS tax debt by filing for bankruptcy may not be as simple as you think.

CBS News - 21h

Flight costs from France to rise as government more than doubles air tax

‘Solidarity tax’ to go up in move criticised as ‘irresponsible’ by Air France, as Ryanair threatens to cut flights in country. The cost of flights from France will rise next month when the ...

The Guardian - 1d

Record-breaking growth in renewable energy in US threatened by Trump

Surge in solar, wind and battery capacity comes as president pledges to halt federal support for clean power. The US had record-breaking growth in renewable-energy capacity last year, new research ...

The Guardian - 1d

Republicans weigh ending Wall Street’s favorite tax break

Republicans are considering doing away with one of Wall Street’s favorite tax breaks at the encouragement of President Trump, one that has long enjoyed Republican support and that could put up yet ...

The Hill - 1d

Why the 'redheaded stepchild' of renewable energy is poised to rise under Trump

AUSTIN, Texas — Even as President Trump slashes support for wind and solar energy, another renewable energy source is finding unexpected favor under his second administration. In early February, ...

The Hill - 1d

HMRC ‘vastly underestimating’ UK tax evasion, MPs say

Cross-party committee warns agency is not ‘sufficiently curious’ about scale of illegal practice

Financial Times - 1d

Home office deduction: Here's who qualifies and how to claim it on your taxes

The home office deduction could provide a tax break on your 2024 return. Here's who qualifies and how to claim it.

CNBC - 1d

Reeves faces cutting spending or raising taxes as UK growth disappoints

Chancellor’s fiscal headroom has been wiped out, according to preliminary forecasts by watchdog

Financial Times - 1d

Trump expresses hope for renewed Russia relations after prisoner release

President makes remarks following release of Pennsylvania teacher Marc Fogel, held in Russia since 2021. A US teacher who has been held in Russia since 2021 has been released after a deal which ...

The Guardian - 1d

Home equity loan tax deductions: What to remember this tax season

A home equity loan has important tax benefits that users should remember this filing season. Here's what to know.

CBS News - 1d

How do tax extensions work?

It's important to understand what a tax extension does and doesn't do or you could end up making costly mistakes.

CBS News - 1d

New brackets, deductions and credits for taxes

It's tax filing time and if you're working on your 2024 return then you might be seeing changes with brackets, rates and other parts of the tax code. CBS News business analyst Jill Schlesinger has ...

CBS News - 1d

There will be no exemptions to new tax on metals, says Trump

The move threatens to have a big impact in Canada, a major source of the metals in the US.

BBC News - 2d

Trump expresses confidence Democrats will help extend tax cuts

President Trump expressed confidence that Democrats will help Republicans extend his 2017-era tax cuts, despite the minority party showing no interest in helping with the president’s agenda. The ...

The Hill - 2d

How long does the IRS give you to pay your taxes?

If you think you'll owe money to the IRS for last year's taxes, here's how long you have to pay what's owed.

CBS News - 2d

A Roth IRA offers a 'longer runway for tax-free investing,' advisor says. Here's how to use it

Your Roth IRA offers more time for 'tax-free investing,' advisors says. Here's how to use it.

CNBC - 2d

House Republicans could raise student loan bills to pay for Trump's tax cuts

As House Republicans look for ways to slash spending to fund President Donald Trump’s tax cuts, they’ve floated proposals that could raise federal student loan bills for millions of borrowers.

NBC News - 2d

Trump Moves to Close Carried Interest Tax Loophole, Which Could Hurt Startups

The last three U.S. presidents have all called for an end to the tax break.

Inc. - 2d

To pay for Trump's tax cuts, House Republicans could raise student loan bills for millions of borrowers

As House Republicans look for ways to cut spending to fund President Trump's tax cuts, they've floated plans that may raise student loan bills for millions.

CNBC - 2d

Tax season 2025: All the deadlines taxpayers should know

Taxpayers should be aware of the deadlines for this year's tax season to avoid extra fees and penalties.

CBS News - 2d

Hundreds of tractors block Westminster in inheritance tax protest

Farmers from across the UK protesting in London against changes to inheritance tax.

BBC News - 2d

1 in 5 taxpayers are missing out on thousands with this tax credit

The IRS estimates one in five eligible taxpayers don't claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

The Hill - 3d

Inside the House GOP clash over tax cuts

Hardliners are squaring off against their top tax writer as Republicans try to assemble a package President Donald Trump's priorities.

Politico - 3d

Poor customer service hitting trust in UK tax authority

Both individuals and most businesses have lost faith in HMRC, spending watchdog finds

Financial Times - 3d

A tax credit worth up to $7,830 often goes unclaimed: See who qualifies for the EITC

The IRS estimates that a fifth of eligible taxpayers fail to take advantage of the tax break each year.

The Hill - 4d

How much should you pay to do your taxes? Maybe nothing — if you qualify for free tax prep.

Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free. The IRS also has two different free filing options equipped for these ...

MarketWatch - 4d

The Papers: 'Trump wants UK tax cuts for tech giants' and 'hands off our ISAs'

A warning that axing ISAs could "trigger a mortgage crisis" is one of the stories on Saturday's fronts.

BBC News - 5d

Graham's plan for Trump tax cuts

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...

The Hill - 5d

Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'

President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment managers.

CNBC - 5d

The IRS has issued 3.2 million tax refunds this year. Here’s the average payment

The IRS has issued 3.2 million tax refunds in 2025, as of Jan. 31. Here's the average payment.

CNBC - 5d

If the UK has more renewable energy, why aren't bills coming down?

The government has pledged to reduce energy bills by using more renewables, but bills are currently rising.

BBC News - 5d

Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again

President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.

The New York Times - 6d

Tariff Uncertainty Taxes the Auto Industry

For some in the car industry, the uncertainty surrounding a US-border trade war is almost worse than the tariffs themselves. If the tariffs go through, the costs might get passed down to buyers.

Wired - Feb. 6

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