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๐Ÿ“ˆ Economy
January 03, 2026

How might the proposed changes to IRS tax brackets impact individuals and the broader economy in 2026?

New tax brackets, higher standard deductions and expanded credits are now in effect โ€” changes that could boost paychecks and lower income taxes for many Americans in 2026 and beyond. Why it matters: The IRS updates reflect annual inflation adjustments and sweeping tax changes signed into law last summer in the One Big, Beautiful Bill Act (OBBBA), making several provisions from the 2017 tax overhaul permanent. The biggest changes include new tax breaks for seniors and tipped workers, as well as the extension of tax provisions from President Trump's first term. Catch up fast: Tax breaks created by last year's law โ€” including changes affecting Social Security income and the elimination of federal income tax on tips โ€” can be claimed on tax returns filed in 2026. The IRS's new 2026 tax brackets are starting to affect paychecks now and will apply to returns filed in 2027.2026 income tax brackets The big picture: Each year, the Internal Revenue Service adjusts more than 60 tax provisions to prevent "bracket creep," which happens when inflation pushes workers into higher tax br

United States
๐Ÿ’ป Technology
January 03, 2026

What are the potential economic and ethical implications of AI advancements by 2026 for society and policy-making?

The AI model maker race will continue in 2026, along with more agents and a growing pressure on companies to prove AI can pay off in the real world, experts tell Axios. Why it matters: AI may be both the current and next big thing, but success increasingly hinges less on being the "best" model and more on timing. The big picture: Rapid progress by OpenAI, Anthropic, Google and others drove frequent leapfrogging โ€” and fierce price competition โ€” in 2025. That dynamic is expected to intensify next year and beyond. "We're just gonna be in this constant race," Box CEO Aaron Levie told Axios. Reality check: There are important, often-overlooked steps between the arrival of more powerful algorithms and a boost in productivity. The winners must understand when a technology is mature enough to deploy and how to integrate it into messy, human-run organizations without burning money or credibility."Good AI won't need long prompts. The more you have to explain, the worse the product is." Winston Weinberg, CEO and co-founder of Harvey, tells Axios. "The best systems will already know the context." "A jump in model capability does not instantly mean that task gets automated in the economy," Le

United States
๐Ÿ‘ฅ Society
January 02, 2026

What are the potential implications of current political dynamics on asylum policies and tax regulations in the UK?

After a week of turmoil, can Labour recover their support or are they already doomed to lose the next election? Are Shabana Mahmood's immigration reforms the answer to the threat of Reform, or is Labour pandering to its political opponents? With arguments breaking out amongst his MAGA fanbase, are we witnessing the splintering of Trump's electoral coalition?

United Kingdom