Trump Has a New Auto Loan Tax Break. Here’s Who Could Benefit.
Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings.
Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings.
Maridav/ShutterstockHistory does not repeat itself, but it rhymes – and economic history is no exception. In 1964, a Labour government came to power in the UK with a pledge to curb inflation and to deliver growth. The growth plans were short lived. In 2024, in a cost-of-living crisis, Labour again won an election with a promise to “kick-start economic growth”. Only 18 months in, and plans have stalled again.
FXQuadro/ShutterstockWhen people talk about tax fairness, the focus is almost always on income. How much the rich earn, how heavily that income should be taxed, and how to make sure lower earners are protected. But there is an older idea that is quietly starting to get attention again. What if taxes were based not on what people earn, but on what they spend?
The administration has downplayed concerns — from mass job losses, to a potential financial bubble — as President Trump cheers soaring stock prices and faster growth.
As Greeks set out from the cities for the festive season, their journeys have been slowed by continuing farmers’ blockades on national roads – a disruption caused by the political confrontation between the government and the agricultural community.
Greece's travel balance recorded a surplus of 1.99 billion euros in October, compared to 3.14 billion euros in September, according to data released by the Bank of Greece (BoG) on Tuesday.
Roman Abramovich's super-yacht Eclipse. Bulent Demir/ShutterstockWhile millions of people make the effort to sort their recycling, buy fewer clothes and generally make greener choices, the world’s wealthiest can emit the same amount of carbon as the average person does in a year by going on holiday just once.
Summit Art Creations/ShutterstockOnline adverts are sometimes so personal that they feel eerie. Even as a researcher in this area, I’m slightly startled when I get a message asking if my son still needs school shirts a few hours after browsing for clothes for my children.
Following a meeting in Jerusalem on Monday, Greece, Cyprus and Israel agreed to deepen their trilateral cooperation.
The latest interim monetary policy report published by the Bank of Greece sees the Greek economy sustaining its growth trajectory, maintaining the solid fiscal performance. The document also outlines policy recommendations for the ongoing economic challenges.