Honest, paywall-free news is rare. Please support our boldly independent journalism with a donation of any size. Republican efforts to restrict taxes on hospitals, health plans, and other providers that states use to help fund their Medicaid programs could strip them of tens of billions of dollars. The move could shrink access to health care...
Reform UK has announced it would give non-doms the chance to avoid many UK taxes by paying a £250,000 fee, with the proceeds going to people on the lowest incomes. Non-domiciles (or non-doms) live in the UK but have a permanent home overseas for tax purposes. Under Reform’s plan, non-doms would pay the fee for...
The House-passed “big, beautiful” tax bill is a tremendous achievement and a giant sparkplug for growth. The bill extends all the Trump tax cuts of 2017, thus heading off a $4 trillion tax INCREASE next year. It expands health savings accounts, includes expensing of major capital and research expenditures by businesses,...
A diverse coalition has come together in St. Louis to oppose tax exemptions granted to weapons manufacturers. Launched in March 2025 under the banner “Not Another Nickel,” the coalition argues that tax exemptions for these manufacturers rob St. Louis of funding for schools and infrastructure, contribute to local pollution, and fuel foreign wars. The coalition’s...
David Wallace Lockhart BBC Scotland political correspondent PA Media Conservative Party leader Kemi Badenoch said the windfall tax on oil and gas companies needs to be axed while addressing a Scottish Conservatives party conference in Edinburgh Conservative leader Kemi Badenoch has called for an end to the windfall tax on oil and gas companies and...
Getty Images Council tax is expected to rise by 5% a year to pay for local services including policing, documents in the Spending Review suggest. Local authorities have the power to raise the tax by up to 5% every year, without central government approval, although some choose lower increases. However, Wednesday’s Spending Review assumes councils...
The UK economy shrunk by more than expected in April as taxes rose for firms, household bills increased and exports to the US plunged. The economy contracted by 0.3%, more than the 0.1% fall predicted by economists. In April, employers’ National Insurance and water, energy and council tax bills both rose, while the introduction of...
AFP via Getty Images Trump is pushing his party to back his “big, beautiful bill” Tucked deep in Donald Trump’s sprawling “One, Big, Beautiful Bill Act” is a clause that could quietly take billions from money sent abroad. It proposes a 3.5% tax on remittances sent abroad by foreign workers, including green card holders and...
The One Big Beautiful Bill is dividing Republicans Read full article at source...
There is no standout lead story across the fronts of Wednesday’s papers. But a handful touch on small boat crossings. “Now it’s good weather to blame for boat surge!” is the headline in the Daily Express. A photo of the “major new search for missing Maddie” appears on the front, as police resume their hunt...
Elon Musk hit out at President Donald Trump’s “big, beautiful” tax and spending bill, posting on X that he “can’t stand” the legislation and describing it as a “disgusting abomination”. The bill – which includes multi-trillion dollar tax breaks and increased defence spending while also allowing the US government to borrow more money – was...
Watch: Elon Musk says he is “disappointed” with Trump’s “big, beautiful bill”, in interview with CBS Sunday Morning Elon Musk has criticised one of the signature policies of his close ally, US President Donald Trump. Last week, the US House of Representatives narrowly passed what Trump calls his “big, beautiful” bill, which includes multi-trillion dollar...
Emma Haslett Business reporter, BBC News EPA The UK economy is forecast to grow slightly more than previously expected in 2025, but the International Monetary Fund (IMF) has warned that the Chancellor must stick to her rules on tax and spending. In its annual health-check for the economy, the IMF predicted growth of 1.2% this...
The Institute on Taxation and Economic Policy said the cuts will barely boost the economy and mostly go to the rich. An analysis released Thursday by the nonpartisan Joint Committee on Taxation found that the tax cuts at the center of Republicans’ massive reconciliation package would do little to boost economic growth — and would...
House Republicans have passed a sweeping multi-trillion dollar tax breaks package, a narrow victory for President Donald Trump and House Speaker Mike Johnson after weeks of negotiations with conservative hold-outs. Trump’s “big, beautiful bill” passed with a vote of 215 votes to 214, with two Republicans joining Democrats to oppose it and one voting present....