The Latest Breaking News from Tax Cuts

The past week has been a whirlwind of economic and political events. From record-breaking customs duty collections to billionaire investors casting doubt on tariff outcomes, the week was filled with intriguing stories. Here’s a quick recap of the top five stories that made headlines.

Economist and market commentator Peter Schiff is cautioning against President Donald Trump's latest tax and spending package, saying it could do more harm than good for the U.S. economy.

The bill extends tax cuts, slices welfare programmes and surges immigration funds in a victory for Trump’s agenda.

From tax cuts for wealthy Americans to cuts in benefits through Medicaid and SNAP, this legislation provides plenty of ammunition for the president’s political priorities.

The bill also allows for the extension of 2017 tax cuts while forcing states to shoulder more of the cost of welfare food benefits

This is what Washington calls compromise: The House proposes $1, the Senate proposes $2, and somehow, the government ends up spending $3.

House Republicans pushed their sweeping tax and spending package across the finish line Thursday, handing Trump a major legislative victory.

President embraces Robin-Hood-in-reverse policies to benefit wealthiest and hurt those earning under $50,000

The Senate passed the 'One Big Beautiful Bill Act' on 1 July, delivering major tax breaks to top earners while cutting Medicaid and public aid, sparking backlash over rising inequality.