The Latest Breaking News from Tax Cuts

US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.

Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, a mixed bag of success for Gov. Jeff Landry, whose original tax revision plans faced resistance from lawmakers and lobbyists amid hard fiscal realities

The incoming Treasury secretary faces critical tasks like managing debt ceiling, tax cuts, and Trump's economic plans.

Equities have seen big swings since Trump's election at the start of the month, with optimism over pledged tax cuts and deregulation offset by worries they could also reignite inflation, along with threatened import tariffs.

THE Conservatives have proposed almost £1 billion worth of tax cuts for the upcoming Scottish Budget ...

Senate Minority Whip John Thune to prioritize Trump's immigration agenda, revive tax cuts, enhance Senate transparency, and confirm nominees.

GOP majority in House and Senate could give the president-elect ability to extend tax cuts and roll back Biden-era laws

The chancellor’s budget may have a small effect on UK interest rates. But US tax cuts and tariffs could have international repercussions

The economy was one of their top issues as voters went to the polls this year. So what does Donald Trump’s return to the White House – as well as Republican gains in Congress – mean for the U.S. economy?

There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates

But his other economic proposals could offset the savings.