Kenya is on the brink of a nationwide strike as youth-led protests against proposed tax hikes intensify. The demonstrations, sparked by the government’s plan to increase taxes, have surprised President William Ruto’s administration. The protests have been largely peaceful but have led to deaths and injuries, prompting calls for accountability from authorities. The government has partially backtracked on the tax increases, but plans to implement others, leading to concerns about further economic hardship for Kenyans.
Results for: Tax Hikes
Former President Donald Trump vowed to double down on tax cuts if re-elected, contrasting his stance with President Joe Biden’s proposed tax increases on businesses and high earners. Trump’s comments emphasize his focus on reducing taxes for all income brackets, while Biden aims to eliminate tax cuts benefiting households earning over $400,000 and raise levies on wealthy individuals and corporations. The expiration of personal income tax cuts from Trump’s 2017 law in 2025 will necessitate tax negotiations regardless of the election outcome.