Prime Minister Anwar Ibrahim promised the new taxes would only affect the rich, but many ordinary families are starting to ...

President Trump signed a multitrillion-dollar tax break and spending cuts package into law, despite Democratic opposition and ...

President Donald Trump celebrated the Fourth of July by signing the "One Big Beautiful Bill" Act into law, marking his first ...

Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels.

The GOP megabill has new tax breaks aimed at low- and moderate-income households, and spending cuts that could make it harder ...

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is ...

President Trump triumphantly highlighted tax cuts in the legislation while downplaying cuts to Medicaid and other assistance ...

Trump's mega bill aims to extend tax cuts and increase defence spending, but it risks raising the US deficit by $3.3 trillion ...

Flanked by Republican legislators and members of his Cabinet, Trump signed the multitrillion-dollar legislation at a desk on ...

From Andrew Wigley, International Development and Partnerships Director, University of Cape Town, Rondebosch, South Africa ...