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The Latest Breaking News from Tax Cuts

Household spending flat despite retail boost, tax cuts

The economy is still struggling along with flat household spending despite an uptick in retail turnover and income tax cuts beginning to flow.

AAP

Fact-checking the Vance-Walz debate - Roll Call

Despite a mostly civil debate between Sen. JD Vance and Minnesota Gov. Tim Walz, the two disagreed repeatedly on policy and on the facts.

Roll Call

Gov. Walz Supports Harris's Economic Plans For Middle Class

Gov. Walz and VP Harris collaborate on economic initiatives for housing affordability and tax cuts.

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The majority of investors with over $1 million are voting for Kamala Harris

Trump is famously popular among high-net-worth individuals for his proposition to extend and expand his 2017 Tax Cuts and Jobs Act.

Fortune

Trump To Outline Plan For Lowering Taxes For Businesses

Trump's pro-business initiatives include tax cuts and incentives for companies to relocate to the US.

Top News

Outside a Trump rally in Pennsylvania, young people in MAGA hats say they’re scared for their future

‘I’m scared for my future. I want my future economy to thrive,’ 20-year-old Kelsey Moyer tells Richard Hall, as she lines up with others to see a former president who’s running on tax cuts

The Independent UK

Trump Proposes Tax Cuts Targeting Various Voter Groups

Former President Trump's tax cut proposals and their potential impact on the federal budget and programs like Social Security and Medicare.

Top News

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The TCJA: Key Facts on the Tax Cuts and What's Extended for 2025

How many of the extended TCJA provisions in the so-called 'One Big Beautiful Bill' (OBBB) will impact your wallet?

Kiplinger

Vice President Harris Welcomes Federal Reserve Rate Cut

Vice President Kamala Harris supports the Federal Reserve's rate cut to address inflation and pledges to reduce costs for consumers through tax cuts and an...

Top News

Chief Senate GOP tax writer floats alternative cost estimate for 2025 package - Roll Call

Sen. Michael D. Crapo hinted Tuesday at a possible workaround for the ballooning price tag attached to extending the 2017 tax cuts.

Roll Call

Why Some Silicon Valley Billionaire Bros Want Trump to Be the ‘CEO of America’

The former president has attracted growing support from tech investors, who are seeking favorable tax policies and more deregulation that could widen inequality.

Capital & Main

Trump’s tax cuts led to a $20B reduction in charitable giving within a year

Americans give about half a trillion dollars a year to charity. That money helps fund services for the homeless, fight diseases, run museums and other organizations doing worthwhile activities. Some donations, such as those supporting religious congregations, are expenditures that the U.S. government couldn’t legally make even if it wanted…

The Conversation

Presidential Debate Highlights: Economy And Tax Plans

Recent debate highlighted contrasting economic policies with a focus on uplifting the middle class and criticism of tax cuts for the wealthy.

Top News

Six New Tax Credits in Harris' Economic Plan: What to Know

Democratic nominee, Vice President Kamala Harris has proposed several tax breaks.

Kiplinger

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Top News

Trump Outlines Economic Proposals, Vows Sweeping Tariffs If Re-Elected

Former President Trump outlines economic agenda, proposing tariffs, tax cuts, and efficiency measures, setting the stage for a dynamic debate on economic p...

Top News

Trump Unveils Economic Plan For Potential Second Term

Former President Trump discusses his economic policies, focusing on tax cuts, manufacturing support, and job creation in a potential re-election bid.

Top News

Trump's Tariff Plan Raises Concerns Among Economists

Former President Trump's proposed sweeping tariffs to fund tax cuts raise concerns among economists and policymakers.

Kiplinger

How Trump and Harris Might Handle Expiring TCJA Tax Cuts

Many key provisions of the TCJA will expire soon. Here’s why it matters during the 2024 election cycle.

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Kiplinger

Five Considerations About Municipal Bonds if Tax Cuts Sunset

Tax rates are set to revert to 2017 levels after 2025, so now is the time to revisit your muni strategy and plan for optimized portfolio adjustments.

AAP

Tax cuts put away for rainy day as spending spree ends

After two months of sales-fuelled growth, shoppers have tightened belts as the elevated cost-of-living keeps pressure on family finances.

AAP

More gloom ahead as economy plods along in slow lane

Australia's economy has been barely limping along and more weakness is anticipated in upcoming national accounts data.

The Independent UK

What we know about Kamala Harris’s tax plans

Harris supports higher rates for corporations and wealthiest Americans to raise more than $5 trillion over a decade

The Guardian - UK

Liz Truss considered cutting NHS cancer care to pay for tax cuts, claims new book

Truss at 10: How Not to Be Prime Minister claims the then PM suggested severe spending cuts to fill financial black hole

The National (Scotland)

Scottish Tory leadership candidate pitches tax cuts for millionaires

MURDO Fraser would give millionaires a tax cut of £35,000 while leaving rates for part-time workers untouched, according to one of his campaign…

Roll Call

Fact-checking Day 4 of the Democratic National Convention - Roll Call

The Democratic convention wrapped up with Vice President Kamala Harris’ speech accepting the party’s nomination for president. She made some misleading or unsupported claims about her opponent.

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