Articles for Tax Hikes

Rachel Reeves is accused of killing growth as Bank of England warns UK economy is grinding to halt after her anti-business Budget
3 days, 23 hours ago

Rachel Reeves is accused of killing growth as Bank of England warns UK economy is grinding to halt after her anti-business Budget

Daily Mail  

Rachel Reeves was yesterday accused of killing growth as the Bank of England warned the economy is grinding to halt in the wake of her anti-business Budget. Shadow business secretary Andrew Griffith said: ‘Today’s growth downgrade from the Bank of England follows warnings from almost every business group and forecaster. Not a surprise that the financial markets are pushing up …

Business Economy England London Growth Inflation Labour
New car buyers stung an extra £417 on average for road tax next year when Labour's vehicle excise duty hikes arrive
2 weeks, 5 days ago

New car buyers stung an extra £417 on average for road tax next year when Labour's vehicle excise duty hikes arrive

Daily Mail  

Buyers of new petrol and diesel cars are set to feel the brunt of the Chancellor's widespread tax raid from next year. A new report has estimated that the result of the Chancellor's decision to DOUBLE Vehicle Excise Duty rates from 1 April will increase in taxation on new cars by an extra £417 on average The Chancellor said the …

Cars Budget Car Vehicles Road Vehicle Electric
How much more will YOU pay after today's budget? The winners and losers, from low paid workers, to pensioners, savers and first time buyers
1 month, 3 weeks ago

How much more will YOU pay after today's budget? The winners and losers, from low paid workers, to pensioners, savers and first time buyers

Daily Mail  

Millions are being clobbered with £40billion in tax rises during Rachel Reeves' bruising first Budget today. Train travellers: Fares and railcards hiked Cost for you - £1.38 more for a ticket currently costing £30 Regulated train fares in England will increase by up to 4.6 per cent next year and the price of most railcards will rise by £5 The …

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Proposition 5 could unleash a flood of public projects — and tax hikes
2 months, 2 weeks ago

Proposition 5 could unleash a flood of public projects — and tax hikes

LA Times  

A worker stands on the roof of a home under construction in Irvine in September. In years past, local bond campaigns like Santa Clara’s Measure I needed two-thirds support for passage. If approved by a majority of California voters, Proposition 5 would decrease the approval threshold for local bonds from two-thirds to 55%, making it easier to fund low-income housing, …

Local Projects Bond California Voters Ballot Public
Democrats target Trump in Michigan and Wisconsin with billboard highlighting Project 2025 tax hikes
3 months, 3 weeks ago

Democrats target Trump in Michigan and Wisconsin with billboard highlighting Project 2025 tax hikes

The Independent  

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Kenya's William Ruto vows 'full' response after deadly anti-tax protests
5 months, 4 weeks ago

Kenya's William Ruto vows 'full' response after deadly anti-tax protests

Hindustan Times  

Kenya's President William Ruto vowed to take a tough line against "violence and anarchy" on Tuesday, after protests against his government's proposed tax hikes turned deadly and demonstrators ransacked parliament. After reports that live ammunition was fired at protesters, Kenya's main opposition coalition, Azimio, said the government had "unleashed brute force on our country's children". The military's deployment was "in …

Tax Kenya Nairobi Protesters William Ruto Proposed Tax Hikes
Kenya on edge over new finance bill: What's it all about?
5 months, 4 weeks ago

Kenya on edge over new finance bill: What's it all about?

Firstpost  

People of Kenya are angry over a new finance bill, that has been presented in the Parliament. So far, one person has been killed while 200 others are injured in the protests Police officers arrest a demonstrator protesting against proposed tax hikes in a finance bill that is to be tabled in parliament in Nairobi, Kenya. A finance bill is …

Finance Tax Protests Kenya Nairobi Parliament Bill
Thousands across Kenya protest against tax hikes
6 months ago

Thousands across Kenya protest against tax hikes

China Daily  

People run for cover in Nairobi on Tuesday, after tear gas fired by police exploded during a demonstration. LUIS TATO/AFP Thousands of people marched on the streets in major cities in Kenya on Thursday to protest against what they termed as punitive taxes introduced by the government in a recent national budget proposal. Robinson Makau, an Uber taxi driver and …

Nairobi Tax Hikes Kenyans Taxes Kenya
More than 200 arrested in Kenya protests over proposed tax hikes in finance bill
6 months ago

More than 200 arrested in Kenya protests over proposed tax hikes in finance bill

Associated Press  

NAIROBI, Kenya — More than 200 protesters have been arrested in Kenya’s capital, Nairobi, in ongoing protests against proposed tax hikes in a finance bill that is due to be tabled in parliament. AP AUDIO: More than 200 arrested in Kenya protests over proposed tax hikes in finance bill AP correspondent Charles de Ledesma reports. Kenya Law Society President Faith …

Finance Tax Protests Nairobi Bill Proposed Kenyans
Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits
9 months, 2 weeks ago

Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits

Associated Press  

WASHINGTON — President Joe Biden is going into Thursday’s State of the Union address with an expanded plan to raise corporate taxes and use the proceeds to trim budget deficits and cut taxes for the middle class. State of the Union 2024 President Joe Biden delivered his 2024 State of the Union address, hammering Republican lawmakers on immigration, tax policy …

Corporate Tax Republican Biden President Tax Hikes State Of The Union
Kenya closes schools before three days of tax-hike protests
1 year, 5 months ago

Kenya closes schools before three days of tax-hike protests

Al Jazeera  

Three days of protests, called by veteran opposition figure Raila Odinga against tax hikes and rising costs of living, begin on Wednesday. Kenya’s government has closed schools in the capital and two other areas as East Africa’s economic powerhouse on Wednesday braced for three days of demonstrations against the cost of living and tax hikes. Kenya’s opposition called for the …

Protests Kenya Three Days Ruto Tax Hikes Raila Odinga
Kenyan demonstrators clash with police as 3-day protest begins
1 year, 5 months ago

Kenyan demonstrators clash with police as 3-day protest begins

Al Jazeera  

The three days of protests over tax hikes began with relative calm in Nairobi but pockets of unrest erupted elsewhere in the country. About 100 protesters hurled rocks at police in the Kibera neighbourhood of Nairobi on Wednesday morning as three days of demonstrations against the cost of living and tax hikes kicked off in Kenya. Kenya’s opposition called for …

Protests Protest Kenya Nairobi Tear Gas Tax Hikes Kibera
Kenya braces for 3 days of anti-gov’t protests: All the details
1 year, 5 months ago

Kenya braces for 3 days of anti-gov’t protests: All the details

Al Jazeera  

The latest round of anti-government protests in Kenya has been scheduled after tax hikes add to soaring cost of living. The latest demonstrations are against tax hikes and follow two previous sets of protests this year against the soaring cost of living in East Africa’s economic hub and alleged malpractice in last year’s presidential election, which Odinga lost. Odinga announced …

Tax Protests Opposition Kenya Nairobi Ruto Tax Hikes
Kenyan police tear-gas protesters in latest row over tax hikes
1 year, 5 months ago

Kenyan police tear-gas protesters in latest row over tax hikes

Al Jazeera  

The demonstrations, the second in a week, held after legislation raising taxes in highly indebted Kenya signed into law by President Ruto last month. Stone-throwing protesters have clashed with police in Kenyan cities during a second round of demonstrations within a week, which the main opposition leader called against a raft of tax hikes. Ruto’s administration said the tax hikes, …

Tax Kenya Nairobi Kenyan Ruto Tear Gas Tax Hikes
No surrender: Progressives must not compromise on tax hikes for the rich
3 years, 2 months ago

No surrender: Progressives must not compromise on tax hikes for the rich

Salon  

Sen. Kyrsten Sinema of Arizona was recently confronted at an airport by a group of protesters questioning her about her opposition to President Biden's Build Back Better Agenda. Despite many in the media parroting the idea that Sinema's opposition to Biden's plan is rooted in "centrism," in truth, Sinema is part of a group of ideologues on the fringes of …

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Democrats seek corporate, wealthy tax hikes for $3.5T plan
3 years, 3 months ago

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Associated Press  

WASHINGTON — House Democrats unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. Rep. Richard Neal, D-Mass., the chairman of the tax-writing Ways & Means Committee, said Monday the proposals, …

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Democrats seek corporate, wealthy tax hikes for $3.5T plan
3 years, 3 months ago

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Associated Press  

WASHINGTON — House Democrats unveiled a sweeping proposal Monday for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. Rep. Richard Neal, D-Mass., the chairman of the tax-writing Ways & Means Committee, said the proposals, …

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Biden $6T budget forecasts a booming 2021 and publicly held debt climbing to $24 Trillion
3 years, 6 months ago

Biden $6T budget forecasts a booming 2021 and publicly held debt climbing to $24 Trillion

Daily Mail  

President Joe Biden's 2022 has released his $6trillion budget fueled by higher taxes that will be the biggest federal package since the Second World War - where the US will have to borrow 50 cents for every $1 they spend. President Joe Biden's 2022 budget calls for spending on infrastructure, education and health programs, and would see the accumulated debt …

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Biden Budget Proposal Outlines Social Spending, Business Tax Hikes
3 years, 6 months ago

Biden Budget Proposal Outlines Social Spending, Business Tax Hikes

Huff Post  

WASHINGTON — President Joe Biden on Friday unveiled a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiraling totally out of control. With the government’s structural deficit remaining unchecked, Biden would …

Economy Tax Budget Debt Democrats Senate Spending
Analysis: Bumpy road ahead for Biden’s infrastructure plan
3 years, 8 months ago

Analysis: Bumpy road ahead for Biden’s infrastructure plan

Associated Press  

Infrastructure was a road to nowhere for former presidents Donald Trump and Barack Obama. Biden’s $2.3 trillion infrastructure package, released Wednesday, would go well beyond the usual commitments to roads and bridges to touch almost every part of the country. Biden’s proposal would gut the core of Trump’s 2017 tax cuts — an affront to many Republican lawmakers, who would …

Climate Change Infrastructure Tax Taxes Trump Democrats Biden
Beyond bridges: Biden redefines infrastructure to add people
3 years, 8 months ago

Beyond bridges: Biden redefines infrastructure to add people

Associated Press  

WASHINGTON — Beyond roads and bridges, President Joe Biden is trying to redefine infrastructure not just as an investment in America the place, but in its workers, families and people. “It seems like President Biden has an insatiable appetite to spend more money and raise people’s taxes,” said Rep. Steve Scalise of Louisiana, the GOP whip, in an interview. Scalise …

Infrastructure Congress White House Democratic Administration Democrats White
Infrastructure: Biden made stimulus look easy. Selling tax hikes for infrastructure will be harder
3 years, 8 months ago

Infrastructure: Biden made stimulus look easy. Selling tax hikes for infrastructure will be harder

CNN  

CNN — President Joe Biden’s second big legislative push will be harder than his first for multiple reasons, most conspicuously this one: It will include tax increases. But tax hikes that start out popular don’t often end up that way, as Republican strategists are eager to prove again once debate over Biden’s “Build Back Better” infrastructure plan begins in earnest. …

Infrastructure Tax Democratic Democrats Senate Republican Biden
Goldman Sachs: Joe Biden’s tax hikes won’t be as big as he wants
3 years, 9 months ago

Goldman Sachs: Joe Biden’s tax hikes won’t be as big as he wants

CNN  

New York CNN Business — President Joe Biden got almost everything he wanted with his $1.9 trillion economic rescue plan. Goldman Sachs thinks Biden will face far more resistance in his quest to unwind former President Donald Trump’s tax cuts. “Equity investors will soon pivot focus from rising interest rates to rising tax rates,” Goldman Sachs strategists wrote in the …

Infrastructure Corporate Tax Taxes Trump Capital Gains Biden