Latest in Trump's Tax Cuts
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Mike Pence to Trump: cutting Taiwan support would ‘likely spark a new nuclear arms race’
Former vice-president makes surprise visit to Taipei and predicts that if China annexes its neighbour other Asia-Pacific countries will build nuclear arsenals. Mike Pence called on Donald Trump’s ...The Guardian - 57m -
Two Watchdogs Were Rebuffed From Joining Trump’s Cost-Cutting Effort
“We have no room in our administration for Democrats,” a transition spokeswoman replied after good-government activists tried to join the president-elect’s new efficiency department.The New York Times - 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 oilFinancial Times - 9h -
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 - 9h -
How Trump’s Treasury Nominee Allegedly Avoided Nearly $1 Million in Taxes
Hedge fund manager Scott Bessent is facing questions about his personal taxes at a hearing on his treasury secretary nomination.Inc. - 12h -
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 - 12h -
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 - 13h -
What to Know About the E.V. Tax Credit That Trump Might Repeal
Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.The New York Times - 21h -
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.CBS News - 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 - 2d -
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 - 2d -
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 - 4d -
Trump’s return raises prospect of global tax war
Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffsFinancial Times - 5d -
Meta cuts DEI, marking another cultural shift ahead of Trump’s White House return
Facebook parent Meta is rolling back its diversity, equity and inclusion programs, according to a memo sent to employees, marking the tech giant’s latest cultural shift ahead of President-elect ...MarketWatch - 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 - 5d -
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 - 6d -
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 - 6d -
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 - 6d -
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 - 6d -
Senate GOP fears landmines in House could derail Trump's tax agenda
Senate Republicans fear that President-elect Trump’s tax agenda could be derailed in the House by several potential landmines, including calls by some GOP lawmakers to raise corporate taxes and to ...The Hill - 6d -
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.The New York Times - 6d -
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 -
Warren questions Trump IRS nominee's experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience ...The Hill - 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 profitsFinancial 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 -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - Jan. 8 -
Trump’s push for SALT tax reform threatened by hardline GOP budget hawks
The path of least resistance could be $5 trillion in new government debt.MarketWatch - 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 -
Johnson says no cuts to Social Security and Medicare to fund Trump's agenda
House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.ABC News - Jan. 7 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial 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 -
ATF head warns that the Trump administration's funding cut plans could risk lives
Steve Dettelbach, the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, warned that President-elect Donald Trump's plans to reduce funding for the agency could risk lives. Scott ...CBS News - Jan. 4 -
Trump says Britain is 'making a very big mistake' with windfall tax on North Sea oil producers
U.S. President-elect Donald Trump on Friday called on Britain to "open up" the North Sea and get rid of "windmills."CNBC - Jan. 3 -
Trump blasts UK energy policy and ‘windmills’ after company blames windfall tax for less drilling
President-elect Trump is criticizing the United Kingdom’s energy policy and saying it should get rid of windmills after a company blamed the country’s windfall tax for its early exit from drilling ...The Hill - Jan. 3 -
Online traders warned to check tax return status
Deadline looms as Airbnb, eBay and other platforms report individuals’ incomeFinancial Times - Jan. 3 -
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
