Tag #Tax Cuts

Showing 85 to 96 of 165 results

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Senate Approves Budget Blueprint, House Vote Looms Amidst GOP Divisions

The Senate approved a budget blueprint by a 51-48 vote Saturday morning, unlocking the next step in the reconciliation process allowing committees to begin drafting legislation on Republican priorities such as raising the debt ceiling, increasing border security and extending President Donald Trump'...

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foxnews.com
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Senate Approves Budget Resolution, Setting Stage for Trump Agenda

The Senate approved a budget resolution (52-48) that raises the debt ceiling by $5 trillion, makes Trump's 2017 tax cuts permanent, and uses reconciliation to potentially pass key Republican agenda items, after a clash of strategies between the House and Senate Republicans.

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foxnews.com
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Montana Governor Backs Significant Income Tax Cut

Montana Governor Greg Gianforte supports Senate Bill 323, proposing to cut the state's individual income tax rate from 5.9% to 4.9% by 2027, following previous reductions and bracket simplification, amid a national trend of income tax cuts.

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cbsnews.com
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CBO Projects Slower US Economic Growth Due to Weak Population Gains and Increased Spending

The Congressional Budget Office projects slower US economic growth from 2025-2055 due to weak population growth and increased government spending, with publicly held debt potentially reaching 156% of GDP by 2055; the report also highlights the US's increasing reliance on immigration to sustain econo...

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smh.com.au
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2025 Australian Budget: Tax Cuts and Mixed Impacts

The 2025 Australian budget, released March 25th, features two 1% tax cuts, increased funding for nurses and schools, and varying impacts across different demographics, influencing the upcoming election.

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theguardian.com
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Australia's Budget Prioritizes Tax Cuts Over Welfare

The Australian government's budget includes a \$7.7 billion tax cut for low-income earners, prioritizing political strategy over increasing social welfare payments, despite the potential to alleviate poverty more effectively.

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nbcnews.com
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Senate Approves Budget Blueprint with Trillion-Dollar Tax Cuts and Spending Increases

The Republican-controlled Senate voted 52-48 to advance a budget plan that includes massive tax cuts, increased military and immigration spending, and a $5 trillion debt limit hike, potentially increasing the national deficit substantially; the plan now moves to an amendment process before a final v...

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nbcnews.com
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Senate Republicans Seek to Bypass Parliamentarian on Tax Cut Plan

Senate Republicans are considering a plan to make President Trump's tax cuts permanent at a $0 cost, bypassing the Senate parliamentarian and potentially violating budget reconciliation rules, while Democrats warn of significant implications for the national debt and legislative norms.

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nbcnews.com
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Senate Parliamentarian to Decide Fate of Trump's Tax Cuts

Senate Republicans seek to permanently extend President Trump's 2017 tax cuts, facing a potential $4.6 trillion cost under current rules; Senate Parliamentarian Elizabeth MacDonough's decision on a proposed accounting change, expected next week, will determine if Republicans can bypass this cost.

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foxnews.com
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Mississippi Eliminates Income Tax by 2030

Mississippi Governor Tate Reeves signed legislation eliminating the state's individual income tax by 2030, reducing it to 3% by 2026 and to 0% thereafter; the grocery tax will also decrease from 7% to 5%.

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forbes.com
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South Carolina Proposes Nation's Lowest Income Tax Rate

South Carolina's House Bill 4216 proposes slashing the state's income tax rate from a 6.2% top rate to a 3.99% flat rate in 2025, potentially reaching 2.49% contingent on revenue; this plan, supported by the Governor and key legislators, uses budget surplus and AGI tax base broadening to make South ...

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kathimerini.gr
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Greece Plans Tax Cuts to Boost Middle Class Income

The Greek government is planning a permanent package of tax cuts and social security contribution reductions for the middle class, funded by increased tax revenue from reduced tax evasion; rating agencies view this positively but stress the importance of continued structural reforms for sustainable ...

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Showing 85 to 96 of 165 results