The Icelandic government expects to collect ISK 3.1 billion more in tax on individual incomes in 2027 than it otherwise would have, according to a budget proposal reported by mbl.is. The increase follows a decision to suspend the productivity benchmark used to adjust personal tax credits and inco…

The State Council will meet at Bessastaðir at 1 p.m. on Monday, mbl.is reports, citing a statement from the Prime Minister’s Office. Parliament will open on Tuesday. The opening ceremony will begin at 1:30 p.m. with a service at Reykjavík Cathedral. The president of Iceland, the bishop of Iceland…

The Finnish opposition has criticised the government’s planned corporate tax cut, saying it will not deliver sufficient growth to justify its cost. The comments were made on Yle’s morning programme as MPs assessed Finance Minister Riikka Purra’s budget proposal for next year, presented on Tuesday…

via The Hill News — President Donald Trump’s new budget proposal exposes the emptiness of his claims to put Americans first.

🚨The FY 2027 White House Budget Proposal Represents The Most Significant Pivots in Federal Spending Priorities in Decades🚨 📉 The Science & Tech "Squeeze" The most striking figures are the proposed cu...

via Home - CBSNews.com — President Trump's new budget proposal asks Congress for $1.5 trillion in defense spending — a 42% increase — while cutting nondefense spending by $73 billion, or 10%.

AARP Pennsylvania endorses Governor Shapiro's budget proposal, emphasizing vital investments for the state's senior population, focusing on abuse prevention, utility costs, and housing.

Senate Republicans are poised to vote this week on a controversial $9.4 billion spending cut package proposed by President Trump, targeting critical public media and foreign aid programs [1][12]. The

BANGKOK (Reuters) -Thai Prime Minister Paetongtarn Shinawatra will on Wednesday propose a 3.78 trillion baht ($115.5 billion) budget to parliament for the 2026 fiscal year, as her government seeks to support a sluggish economy facing steep U.S. tariffs. The draft budget bill, which will be debated in the house over the next four days, projects a 0.7% rise in spending, and a 0.7% drop in the budget deficit to 860 billion baht, or 4.3% of gross domestic product, from the 2025 fiscal year that ends in September. "A deficit budget policy is aimed at maintaining economic stability, including supporting a recovery and promoting growth at an appropriate level," the bill said. The budget plan projects growth at 2.3% to 3.3% for both 2025 and 2026, with inflation predicted at 0.5% to 1.5%. The economy expanded 2.5% last year, lagging regional peers. The plan did not take into account the potential impact of U.S. tariffs. Thailand faces a 36% U.S. tariff if a reduction cannot be negotiated before a moratorium expires in July. The United States, Thailand’s biggest export market, has set a 10% baseline tariff for most countries while the moratorium is in place. Parliament will deliberate on the bill in the remainder of this week before it is put to a vote on Saturday, which will require support from the majority of lawmakers present. The budget is expected to pass, but comes amid tensions in the Pheu Thai Party-led coalition, particularly with its biggest partner, the Bhumjaithai Party. Disagreements have surfaced over the government’s casino bill, which aims to legalise casinos within integrated complexes to boost tourism. Rifts over constitutional reform and policy on the use and sale of cannabis, which was decriminalised in 2022 but is now facing tighter restrictions, have also strained the alliance. If the budget does not pass, Paetongtarn, who came to power last year, could either step down and make way for a new premier elected by parliament, or dissolve the lower house and call a new general election. Southeast Asia’s second-largest economy expanded an annual 3.1% in the first quarter, but the state planning agency last week slashed its full-year growth forecast range by a percentage point to 1.3% to 2.3% because of the U.S. tariffs. ($1 = 32.740 baht)

Lansing — The Michigan Senate approved a budget plan Wednesday that featured about $84 million in new revenue from proposed increases in fees on hunting, fishing and boating and from making $10 recreation passports a mandatory part of registering a vehicle. The new dollars were featured in the Democratic-controlled Senate's $636 million budget bill for the Department of Natural Resources for the fiscal year that begins on Oct. 1. Separate bills to enact the policy changes would have to be approved by the Republican-led House and Democratic-controlled Senate and signed by Democratic Gov. Gretchen Whitmer for the fee hikes and recreation passport policies to become law. However, the changes' inclusion in the budget proposal was a sign of the Senate's interest in them. And some of the measures have the backing of both Sen. John Cherry, D-Flint, who leads the Senate's Appropriations Subcommittee on Agriculture and Natural Resources, and Sen. Jon Bumstead, R-North Muskegon, the top Republican on the Appropriations Committee. In an interview Wednesday, Cherry said there was a national trend in the number of hunting and fishing licenses being purchased going downward over the years. "When you have that downward trend, a shrinking revenue source, at the same time the cost of fish food and infrastructure is going up, it's a challenging situation," Cherry said. Cherry said he and Bumstead spent about three months developing their plan to find additional funding for the Department of Natural Resources. He called the proposal a "pretty good initial product" that will be refined as it moves through the legislative process. The natural resources budget bill passed the Senate in a vote of 19-16. Bumstead voted in support with 18 Democrats. The other Republicans in attendance, including Sen. Lana Theis, R-Brighton, voted no. "Government shouldn't keep squeezing hardworking Michigan families," Theis said of the proposed fee increases before the vote. The Michigan Senate Republicans' X account labeled the fee increases a "summer tax." "They voted to hike your car registration by another $10 and increase the cost of hunting, fishing and boating licenses," the Senate Republicans wrote of their Democratic counterparts. Currently, Michigan residents have the option of purchasing a $14 recreation passport when they renew their vehicle license plate registration. The passport allows them to get into state parks and avoid admission costs. Whitmer had proposed changing the recreation passport program from the current opt-in offering to an opt-out. The governor's team said the recommended opt-out change would spur $17.2 million in additional revenue. About 36% of Michigan vehicle owners currently choose to pay for the recreation passport, according to the governor's office. The Senate took a different route, proposing to decrease the recreation passport fee to $10 and requiring all vehicle owners to pay it. The Senate plan would produce about $43.5 million in additional revenue, according to the nonpartisan Senate Fiscal Agency. "Parks are a public good," Cherry argued. "And everybody is getting value from them. Quite frankly, we want to incentivize people to use them more." Cherry and Bumstead introduced policy bills on May 1 to implement the recreation passport changes. They haven't yet had a committee hearing in the Senate. Likewise, they also introduced policy bills on the hunting and fishing license changes. The proposals would generate $28.8 million in revenue next year, according to the Senate Fiscal Agency. According to the bills, a combination hunting and fishing license for a Michigan resident would rise from $75 to $100, and the fee for a Michigan resident all-species fishing license would increase from $25 to $30. A 24-hour fishing license for a Michigan resident would go from $10 to $15. The license prices would also be tied to the rate of inflation going forward. And the bill would allow for a $5 general surcharge on licenses. A May 2 statement on the bills from the Michigan United Conservation Clubs said the organization "supports long-term, sustainable funding solutions for the Department of Natural Resources that ensure the continued protection and enhancement of our natural resources, fish and wildlife populations and access to outdoor recreation." The Senate Democrats included in their budget an $11.9 million boost in revenue from a "boating fee increase," according to the Senate Fiscal Agency. Cherry said the details of that boating proposal were still being worked out. cmauger@detroitnews.com This article originally appeared on The Detroit News: Michigan Senate budget backs mandatory $10 recreation passports

Donald Trump has just sent Republicans in Congress a budgetproposal that cuts nearly everything, and if they don’t like it, he says he’ll withhold cash that ...

Donald Trump has just sent Republicans in Congress a budgetproposal that cuts nearly everything, and if they don’t like it, he says he’ll withhold cash that ...

Donald Trump has just sent Republicans in Congress a budgetproposal that cuts nearly everything, and if they don’t like it, he says he’ll withhold cash that ...

Donald Trump has just sent Republicans in Congress a budgetproposal that cuts nearly everything, and if they don’t like it, he says he’ll withhold cash that ...