The Latest Breaking News from Tax Cuts

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Albanese unveils an automatic $1,000 deduction on annual tax returns while Dutton pledges $1,200 one-off tax refund for low- and middle income earners

The government currently collects revenue in an arbitrary and distortionary manner, with loopholes that benefit special groups.

"Wealthy Americans, on the other hand, would have a larger share of the economic pie"

Exclusive: The wealthiest households on average will be nearly $800 worse off, modelling reveals, as a result of the rejigged stage-three tax cuts

As president proposes new cuts, data shows 11 corporations collectively recorded nearly $500bn in profits since last cuts

The last time Canada’s political parties campaigned during a tax season was more than a decade ago. This year, taxes are a hot topic, and for good reason. Shortly after the federal election was called, the political parties began rolling out promises of tax cuts to win over voters.

Analysis: Wall Street is freaking out about Trump’s trade war. But it was always in plain sight

Speaker Mike Johnson faces a rebellion within GOP ranks over a budget blueprint that squeaked through the Senate. CQ Roll Call’s Caitlin Reilly, Paul M. Krawzak and David Lerman assess the outlook for final adoption of a budget resolution and the big fights over Medicaid cuts and whether to pay…