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TAX REDUCTION FOR WEALTHY
Luxury schools, big EMIs, premium vacations: CA warns why not low income but expensive expectations is a financial risk- Billionaires' wealth hits new peak as their clout grows, Oxfam says
- No income tax for Americans finally? Trump again touts tariff revenue as path to ending income tax; signals when it could happen
- From medicaid cuts to EV tax credits rollbacks: What’s inside Trump’s sweeping ‘One Big, Beautiful Bill’President Trump's "One Big, Beautiful Bill" has narrowly passed Congress, marking a significant GOP victory. The legislation includes perma...04 Jul, 2025, 10.09 PM IST
- 10 ways Trump's 'big beautiful bill' could affect your walletUS House Republicans passed a tax and spending package. The bill includes tax cuts and changes to federal benefits. It increases the nation...23 May, 2025, 04.36 PM IST
- IRS loses nearly 40% of its billionaire audit team as Donald Trump and Elon Musk push for deep cuts, America’s wealthiest celebrateThe IRS’s Global High Wealth unit, tasked with auditing the wealthiest Americans, has seen a 38% loss in staff this year, resulting in stal...31 Mar, 2025, 06.34 PM IST
- Tariffs to hurt U.S middle class, Donald Trump to hike tax by $2000? Here's what a report statesUS President Donald Trump's new tariffs on imports from Mexico, Canada, and China could lead to a $2,000 yearly tax increase for American m...07 Mar, 2025, 06.59 PM IST
- Trump purge: In the middle of season as millions file taxes, IRS fires 6,700 employees, mainly auditors dealing with tax compliance issues, and faces massive backlashIRS has laid off 6,700 employees, with over 5,000 auditors and collection staff let go. This decision, coming in the middle of the tax seas...22 Feb, 2025, 07.48 PM IST
- What Joe Biden will say in his final speech from White HousePresident Biden cautioned against Republican tax cuts for the wealthy, arguing his investments in infrastructure and manufacturing are key ...10 Dec, 2024, 04.32 PM IST
- Capitalism & trusteeshipCapitalism has driven significant economic growth and innovation, while also creating wealth disparities and environmental concerns. M K Ga...01 Oct, 2024, 11.21 PM IST
- Super-rich may quit UK over Labour plans for inheritance taxes on trustsLabour Party's proposed inheritance tax changes may prompt wealthy individuals to leave the UK, affecting private banks and advisers. The p...14 Jun, 2024, 11.41 AM IST
- Joe Biden calls for higher taxes on corporations and the wealthyPresident Biden's budget aims to cut deficits by $3 trillion through tax increases. It proposes $5 trillion in additional taxes on corporat...12 Mar, 2024, 09.16 AM IST
- Joe Biden budget aims to cut deficits nearly $3 trillion over 10 yearsThat deficit reduction goal is significantly higher than the $2 trillion that Biden had promised in his State of the Union address last mon...10 Mar, 2023, 12.10 PM IST
- UK Labour Party would reverse Tory tax cut for the wealthiest to fund healthcare. Read detailsBritain’s Labour Party has taken a decisive view of the Chancellor's several tax cut measures announced last week. In the annual party conf...26 Sep, 2022, 08.47 PM IST
- Keir Starmer plans to overturn tax reduction for the wealthy if Labour party wins poll. Details hereLeader of the Labour Party of the United Kingdom, Sir Keir Starmer, stated his stance on the government's tax cuts, stating that he will re...25 Sep, 2022, 06.59 PM IST
- Americans are concerned over Inflation Reduction Act, says reportThe Senate passed the Inflation Reduction Act on Sunday, which includes an $80 billion increase to the IRS over ten years, well over half o...09 Aug, 2022, 06.59 PM IST
- Where the world’s richest 1% are gaining wealth the fastestThe richest 1% in eight of the 10 nations boosted their share of the wealth last year, primarily due to interest rates cuts following the C...22 Jun, 2021, 10.22 PM IST
- Obama seeks tax on wealthy, cuts in public debtWith an eye on the 2012 presidential elections, Obama has proposed significant reduction in budgetary deficits through a series of proposal...14 Apr, 2011, 11.35 AM IST
- Obama criticizes Republicans on US economyPresident Barack Obama criticized Republicans on Saturday for supporting economic policies that "created this mess in the first place" as h...24 Jul, 2010, 03.50 PM IST
- Obama adviser says tax cuts will happenDavid Axelrod also assured that Bush administration tax cuts for the wealthy will be revoked or allowed to expire.29 Dec, 2008, 05.04 AM IST
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