Tag #Fiscal Policy

apnews.com
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North Dakota Governor Proposes Plan to Eliminate Residential Property Taxes

North Dakota Governor Kelly Armstrong proposed a plan to eliminate residential property taxes using $483 million in state funds and oil tax savings, aiming to provide initial relief of up to $1,550 per homeowner and eventually eliminate property taxes for many within a decade, despite concerns about...

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48% Bias Score

Reduced Inequality
welt.de
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CSU Defends Four Billion Euro Mütterrente Expansion Amidst Criticism

The CSU's Markus Söder is defending a proposed four billion euro expansion of the Mütterrente, arguing its cost is less than spending on migration (50 billion euros) and the Bürgergeld (50 billion euros), despite criticism of it as a pre-election gift.

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64% Bias Score

Reduced Inequality
faz.net
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Austria Averts EU Deficit Procedure With Last-Minute Budget Deal

Austria's FPÖ and ÖVP formed a coalition government and presented a budget plan to the EU on Monday, aiming to avoid a deficit procedure by cutting €6.4 billion without raising taxes; this follows failed negotiations with a center-left coalition.

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60% Bias Score

Reduced Inequality
theguardian.com
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UK Chancellor Defends Fiscal Rules Amid China Trip

UK Chancellor Rachel Reeves visited China to secure economic deals amid market turmoil at home, reaffirming her commitment to fiscal rules while securing agreements worth £600 million over the next five years.

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48% Bias Score

Decent Work and Economic Growth
lefigaro.fr
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French Socialists Propose Using Reserve Fund to Halt Pension Reform

The French Socialist Party suggests using the €20 billion Retirement Reserve Fund to temporarily halt the 2023 pension reform, costing €2-3 billion in 2025, sparking debate over the fund's purpose and the reform's future.

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36% Bias Score

Reduced Inequality
foxnews.com
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Trump Hosts House Republicans Amid Reconciliation Process Disagreements

President-elect Trump is hosting House Republicans at Mar-a-Lago to unify them on a conservative policy overhaul using budget reconciliation, facing internal disagreements on a one-bill versus two-bill approach and specific policies like SALT deductions.

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52% Bias Score

Reduced Inequality
theguardian.com
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UK Borrowing Rates Surge, Triggering Calls for Chancellor's Resignation

Facing calls for her resignation due to a spike in UK borrowing rates, Chancellor Rachel Reeves attributes the increase to global economic volatility but faces pressure to implement further public spending cuts, potentially impacting vulnerable groups and causing political tension.

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48% Bias Score

Reduced Inequality
kathimerini.gr
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Greek Tax Cuts in 2026 Tied to Tax Evasion Crackdown

The Greek government plans tax cuts for 2026, contingent upon generating €3.2 billion over two years by cracking down on tax evasion through measures like myDATA and electronic invoicing; this revenue will finance the tax reductions.

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36% Bias Score

Reduced Inequality
edition.cnn.com
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House Republicans Demand Trillions in Spending Cuts Before Supporting Trump's Bill

House Republicans are demanding trillions in spending cuts before supporting President-elect Trump's bill, which includes a debt limit increase and billions in spending on border security, energy projects, and tax extensions; failure to reach a compromise could lead to the bill's collapse and potent...

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52% Bias Score

Reduced Inequality
bbs.chinadaily.com.cn
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China to Implement Proactive Fiscal Policy with Increased Deficit and Bond Issuance

China will significantly increase its fiscal spending in 2024, raising its deficit-to-GDP ratio potentially to 4 percent and issuing more government bonds to boost economic growth, specifically targeting infrastructure and affordable housing to counter domestic and global economic headwinds.

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52% Bias Score

Decent Work and Economic Growth
china.org.cn
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China to Implement Highly Proactive Fiscal Policy in 2025

China's 2025 fiscal policy will significantly increase the fiscal deficit to boost economic recovery through increased government spending, focusing on affordable housing, employment, and consumption, with a projected 17 percent month-on-month and 18 percent year-on-year increase in new commercial h...

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40% Bias Score

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dailymail.co.uk
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Musk Lowers Projected US Budget Cuts to $1 Trillion

Elon Musk lowered his projected U.S. budget cuts from $2 trillion to $1 trillion, citing the difficulty of achieving the initial target without impacting national security or mandatory spending programs. The revised goal reflects a more realistic approach to reducing government spending.

Progress

44% Bias Score

Reduced Inequality