Trump’s big beautiful bill cuts tax breaks for 2026, sending tax advisors into a tizzy. Why they’re telling top earners to make their donations now

Tax advisors say wealthy Americans should consider ramping up charitable donations before the end of 2025 to take advantage of tax benefits that will shrink once new rules from Trump's so-called "Big Beautiful Bill" take effect in 2026.

Giorgia Meloni’s ‘middle-class’ tax cut sparks political row in Italy

Finance minister Giancarlo Giorgetti says cutting the rate on Italy’s second tax band — which will benefit about 13mn taxpayers a year — will ease pressure on middle-class families, whose purchasing power has been eroded by high inflation in recent years.

White House shifts focus to tax cuts and drug prices as voters signal economic stress

The White House is keeping up a steady drumbeat of posts on social media about prices and deals for Thanksgiving dinner staples at retailers such as Walmart, Lidl, Aldi and Target.
WCPO 9 News

'It's very disappointing, very frustrating' | Franklin City Schools faces major cuts after second levy failure

Franklin City Schools is preparing for significant budget cuts after voters rejected a school tax levy for the second time, and more than 40 staff members and 16 teachers are expected to be cut.

Texas voters said no to property tax hikes as Republican leaders signal more cuts ahead

This article originally published at Texas voters said no to property tax hikes as Republican leaders signal more cuts ahead. Questions abound about who qualifies and whether enough funds are available. Gavin Newsom didn't shy away from a response to last night's government shutdown vote.
KCUR

Missouri is giving ‘one of the biggest millionaire tax cuts’ this year, report says

This year, Missouri became the first state in the country to tax income, but not capital gains. That could present a challenge as the state prepares to face a budget shortfall.

Chancellor 'rules out' cut to pension tax-free lump sum - but it's too late for savers who already pulled out funds

The Treasury's confirmation that the lump sum will remain fixed comes after months of speculation that the limit, as well as tax relief on pensions, could be at risk.
The Texas Tribune on MSN

Texas voters said no to property tax hikes this week, as Republican leaders signal more cuts ahead

Voters across the state shot down bids by school districts and cities to increase funds to hire teachers and police officers, pave roads and keep schools humming. More than half of those measures failed in Tuesday’s elections, according to a Texas Tribune analysis.
The Press Democrat

Petaluma schools’ parcel tax Measure I still falling short — and major cuts could follow

Teachers and administrators in the Petaluma City Schools district have warned of dire consequences should the measure fail.
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