#tax-increases

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#uk-budget

Rachel Reeves bets on public spending increases in budget winning over voters

Britain's new chancellor announced significant tax hikes to fund urgent public service improvements, while avoiding burdening working-class citizens.

Budget 2024: Record 40bn tax hike set to slow UK economic growth, warns OBR

Chancellor Rachel Reeves' Budget introduces a £40bn tax rise, raising concerns about its potential negative impact on long-term economic growth.

Rachel Reeves bets on public spending increases in budget winning over voters

Britain's new chancellor announced significant tax hikes to fund urgent public service improvements, while avoiding burdening working-class citizens.

Budget 2024: Record 40bn tax hike set to slow UK economic growth, warns OBR

Chancellor Rachel Reeves' Budget introduces a £40bn tax rise, raising concerns about its potential negative impact on long-term economic growth.
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#budget
from www.theguardian.com
5 days ago
Business

Budget 2024: Reeves reveals 40bn in tax rises as she promises to rebuild public services

Labour's first budget in 15 years introduces £40 billion in tax rises to address public service decline and aims for fiscal stabilization.

Faisal Islam: Don't expect rabbits, this will be a Budget for boffins

Rachel Reeves will present a Budget characterized by fiscal responsibility and thorough economic analysis, in stark contrast to previous mini-Budget chaos.

Budget 2024: Reeves reveals 40bn in tax rises as she promises to rebuild public services

Labour's first budget in 15 years introduces £40 billion in tax rises to address public service decline and aims for fiscal stabilization.

Faisal Islam: Don't expect rabbits, this will be a Budget for boffins

Rachel Reeves will present a Budget characterized by fiscal responsibility and thorough economic analysis, in stark contrast to previous mini-Budget chaos.
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Consumer confidence dips ahead of Labour's first Budget as concerns over tax rises grow

Consumer confidence in the UK fell in October, driven by fears of upcoming tax increases and fiscal tightening overshadowing falling inflation.

Ministers complain to Treasury over spending cuts

Cabinet ministers are alarmed by proposed departmental cuts and a potential £40 billion funding gap, raising concerns about significant tax increases.
#business-sales

Business owners speed up plans to sell amid fears of tax rises in upcoming budget

Nearly 30% of UK business owners are accelerating plans to sell due to fears of tax increases, particularly capital gains tax.

Businesses rush to sell ahead of potential Labour tax hikes

Fears of tax increases under Labour government driving surge in business sales.

Business owners speed up plans to sell amid fears of tax rises in upcoming budget

Nearly 30% of UK business owners are accelerating plans to sell due to fears of tax increases, particularly capital gains tax.

Businesses rush to sell ahead of potential Labour tax hikes

Fears of tax increases under Labour government driving surge in business sales.
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#economic-inequality

Austerity for Immigration

France's new budget plan emphasizes two-thirds spending cuts and one-third tax increases to address a growing deficit and economic inequality.

Report Finds Trump's Economic Policies Would Raise Taxes for Everyone - Except the Top 5 Percent

Trump's tax policy would raise taxes on the middle class by an average of $1,500 while cutting taxes for the wealthiest Americans.

Austerity for Immigration

France's new budget plan emphasizes two-thirds spending cuts and one-third tax increases to address a growing deficit and economic inequality.

Report Finds Trump's Economic Policies Would Raise Taxes for Everyone - Except the Top 5 Percent

Trump's tax policy would raise taxes on the middle class by an average of $1,500 while cutting taxes for the wealthiest Americans.
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#public-services
from www.theguardian.com
3 weeks ago
Business

Labour needs 25bn a year in tax rises to rebuild public services, warns IFS

Keir Starmer's commitment to end austerity necessitates substantial tax increases, challenging Labour's manifesto promises against raising taxes on working people.

Fear of a Truss repeat should not deter Reeves from rewriting spending rules | Richard Partington

Rachel Reeves is planning to reveal unaccounted spending commitments by the Conservatives and highlight the fiscal challenges left unaddressed, setting the stage for potential tax increases.

Labour needs 25bn a year in tax rises to rebuild public services, warns IFS

Keir Starmer's commitment to end austerity necessitates substantial tax increases, challenging Labour's manifesto promises against raising taxes on working people.

Fear of a Truss repeat should not deter Reeves from rewriting spending rules | Richard Partington

Rachel Reeves is planning to reveal unaccounted spending commitments by the Conservatives and highlight the fiscal challenges left unaddressed, setting the stage for potential tax increases.
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Budget 2025 Key Dates: When will double Child Benefit land, when will fuel and cigarettes rise?

The €2.2bn cost-of-living package includes immediate tax increases and forthcoming support payments for families, set to roll out over the coming months.

Walters: Newsom shuns tax increases yet budget levies billions on businesses

Gov. Newsom insists on living within means and rejects corporate tax hikes despite indirect increases in the revised state budget.
#california-budget

California's New Budget Will Make Major Cuts to Public Programs

California's budgetary transformation from chaos to stability is attributed to tax increases and a focus on building a rainy day fund.

California Gov. Gavin Newsom signs budget to close $46.8 billion budget deficit

California signed a budget to address a $46.8 billion deficit through spending cuts and temporary tax increases, impacting progressive policies amid economic challenges.

California Legislature approves budget that slashes spending to address $46.8 billion deficit

California lawmakers approved a budget with spending cuts and temporary tax increases due to a large deficit.

California's New Budget Will Make Major Cuts to Public Programs

California's budgetary transformation from chaos to stability is attributed to tax increases and a focus on building a rainy day fund.

California Gov. Gavin Newsom signs budget to close $46.8 billion budget deficit

California signed a budget to address a $46.8 billion deficit through spending cuts and temporary tax increases, impacting progressive policies amid economic challenges.

California Legislature approves budget that slashes spending to address $46.8 billion deficit

California lawmakers approved a budget with spending cuts and temporary tax increases due to a large deficit.
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Opinion | Want to fix Social Security? The Well-Off Must Accept Smaller Checks.

Social Security trust funds projected to be depleted in 11 years, necessitating a combination of tax increases and benefit cuts for a lasting fix.

California Supreme Court to rule on high-stakes battle over ballot measure restricting tax increases

The California Supreme Court will hear oral arguments on the legality of a ballot measure that could significantly impact the balance of power between business and labor.

Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall

President Biden has enacted tax cuts larger than tax increases for individuals and corporations.
Analysis shows the tax changes under Biden will lead to a net tax cut of about $600 billion over four years.
#budget-proposal

An Explicitly Redistributive Budget for an Election Year

The budget proposal includes tax increases on corporations and the wealthy.
The budget emphasizes framing the upcoming political contest as a choice between a Democrat fighting for the middle class and a Republican serving the plutocracy.

Biden's Budget Underscores Divide With Republicans and Trump

President Biden proposed a $7.3 trillion budget with tax increases and new spending on social programs.
The budget aims to portray Biden as a champion of government aid for various groups and fighting climate change.

Here's the latest on the president's priorities.

President Biden proposed a $7.3 trillion budget with tax increases on corporations and high earners.
The budget aims to combat high consumer costs, strengthen border security, and deliver aid to countries like Israel and Ukraine.

An Explicitly Redistributive Budget for an Election Year

The budget proposal includes tax increases on corporations and the wealthy.
The budget emphasizes framing the upcoming political contest as a choice between a Democrat fighting for the middle class and a Republican serving the plutocracy.

Biden's Budget Underscores Divide With Republicans and Trump

President Biden proposed a $7.3 trillion budget with tax increases and new spending on social programs.
The budget aims to portray Biden as a champion of government aid for various groups and fighting climate change.

Here's the latest on the president's priorities.

President Biden proposed a $7.3 trillion budget with tax increases on corporations and high earners.
The budget aims to combat high consumer costs, strengthen border security, and deliver aid to countries like Israel and Ukraine.
morebudget-proposal

President Biden's Budget Proposes a National Paid Family Leave Program

Biden's 2025 budget proposal focuses on raising taxes on corporations and the ultra-wealthy, introducing a comprehensive paid family leave program, and investing in child care and education.
Proposal aims to reduce deficits, invest in working families and middle class, but faces challenges in a divided Congress after elections.

Albany Dems want to scrap Hochul's proposed education cuts, raise taxes on high earners

Democrats want to scrap Gov. Hochul's education funding cuts.
Senate's wide-ranging budget funded by tax increases on high earners and corporations.
#biden-budget-proposal

Biden's budget proposal for a second term offers tax breaks for families and lower health care costs

Biden's budget proposal includes tax breaks for families and increased taxes on the wealthy and corporations.
Deficits could be reduced by $3 trillion over a decade, with $4.9 trillion in tax revenue increases and $1.9 trillion funding various programs.

Biden wants to increases taxes on corporations and the rich in his 2025 budget

Biden's $7.3 trillion budget aims to fund domestic priorities through corporate and wealthy tax increases.
The budget is a key step for Biden to detail his plans and priorities while attempting to reduce the deficit.

Biden's budget proposal for a second term offers tax breaks for families and lower health care costs

Biden's budget proposal includes tax breaks for families and increased taxes on the wealthy and corporations.
Deficits could be reduced by $3 trillion over a decade, with $4.9 trillion in tax revenue increases and $1.9 trillion funding various programs.

Biden wants to increases taxes on corporations and the rich in his 2025 budget

Biden's $7.3 trillion budget aims to fund domestic priorities through corporate and wealthy tax increases.
The budget is a key step for Biden to detail his plans and priorities while attempting to reduce the deficit.
morebiden-budget-proposal

Why Democrats' House hopes could rest on Hochul's agenda

Incoming New York Governor Kathy Hochul is facing pressure from progressive lawmakers in the Democratic-run state Legislature.
Republicans are preparing to use issues like tax increases on the wealthy and criminal justice system changes to potentially win key seats and regain the House majority in 2025.

Heads up, drivers: California and 6 other states will pump up gas taxes on July 1

Gas prices rising with state tax increases in various states.

Sunak doubles down on misleading' Labour 2,000 tax rise claim

Rishi Sunak stands by disputed claim that Labour Party will increase taxes, citing clear choice in election.
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