The government announced a massive income tax relief in a bid to stimulate consumption in the economy, while also staying ...

Unprecedented tax cuts in the Union Budget benefit a small minority, raising concerns about fiscal policy and economic growth.

The current gap between US federal spending and tax revenue is larger than ever outside of major war or crisis. Federal spending is significantly higher than the historical norm, while revenue remains ...

Some state income tax rates were cut at the start of 2025 ... The highest rate in the US is the 13.3% collected in California ...

The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...

Republicans readily admit the revenue loss from their tax proposals will be far larger than the spending cuts they’re envisioning.

The gap between U.S. federal spending and tax revenue ... year, was at just about the post-World War II average of 17.2%, but spending was 23.4% compared with an average of 19.8%. A chart like ...

That bill, which passed out of the Mississippi House on January 17 and now awaits consideration in the Senate, cuts the state income tax rate from 4% to 3% this year ... s time for us to be ...

The new administration is considering extending the tax cuts and Jobs Act in the US while mulling ... tax system. Last year, the government committed to simplifying the Income Tax Act—a long ...

The Committee for a Responsible Federal Budget estimated the bulk of the cost would come from extending the 2017 Trump tax cuts.

FY2026 General Fund revenues are expected to exceed the July forecast by $49.3 million, while the Transportation fund will ...

It's a good, strong vote for us ... end of the 10-year phase-in of the tax cuts as proposed in the bill, but it was defeated. After 2016 when the state passed several tax cuts, revenue shortfalls ...