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How 1 Illinois Democrat Wants to Reverse the Trump Tax Cuts

The Tax Cuts and Jobs Act has been ... in order to shore up the program's financial stability. Also, the potential to use the border-tax framework that the White House had initially looked at closely could help make U.S. manufacturing more attractive. read more

EU may not enforce its rules on Italy, but financial markets will

A new government is expected to take office in Italy next week, a coalition of the anti-establishment 5-Star Movement and far-right League, who have jointly promised a bonanza of tax cuts and ... an excessive deficit procedure that could end in fines. read more

Italy May Be Cut by Moody's on Concerns Over New Government

Italy’s rating may be cut by Moody’s over concerns about the new government ... "So far, Moody’s has assumed a gradual deficit reduction over the coming years, which in turn would allow for a very gradual decline in the public debt ratio." read more

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Parma City Schools Treasurer pleasantly surprises Board of Education with revised financial forecast

"I'm very pleased to be able to share positive financial news," Nuccio said. "In recent years, due to revenue shortfalls, we have experienced fiscal instability, made significant budget reductions and were forced to seek tax advances from future year's ... read more

UK Public Finances Start New Tax Year on Strong Footing

The ONS also cut its estimate for the deficit over the entire 2017/18 financial year, excluding public sector banks ... how much the government spends and how much it earns from tax revenues to fall to 37.1 billion pounds in the current 2018/19 year ... read more

GOP tax bill could make the trade deficit worse

It could actually increase or decrease the deficit, depending on whether you look at it through a lens of accounting or spending. The case for increasing the trade deficit Tax cuts give Americans more cash in their pocket, which means people may step up ... read more

Malaysia reveals national debt far higher than figure under Najib

When Mahathir went through with the tax cut, in effect eliminating almost 20% of the government's income, Moody's Investors Service said the move was "credit negative." Further moves that could expand the budget deficit likely will draw even greater scrutiny. read more

Tax cuts, spending boost likely in budget as Australia eyes return to surplus

CANBERRA, May 8 (Reuters) - Australia’s centre-right government is expected to announce hefty health and infrastructure spending and deliver some voter-sweetening tax cuts in ... of a deficit of around A$20.5 billion for this financial year. read more

Weekly Economic and Financial Commentary: Global Economy Shows Mixed Results at the Start of Q2

Rising mortgage rates and home prices could test buyer resolve ... predicted economic growth in the short term, a combination of tax cuts and surging spending have led the budget deficit to widen as a share of GDP, with more deterioration expected over ... read more

DD2 presents budget to county council with deficit; tax increase possible

District officials say a property tax increase of 4 mills, which could be ... to pay for the deficit. “At this point we really don’t have any other ways because the only other way would be cuts," said Allyson Duke, the chief financial officer for ... read more


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