Recent reports highlight several key tax developments in the U.S. The Bureau of Labor Statistics noted a 0.2% increase in the consumer price index for August, leading to an estimated 2.8% increase in inflation-adjusted tax code amounts for 2025, following a significant drop from 2023's 7.1%. In Georgia, two proposed constitutional amendments aimed at capping home property assessments and establishing a state tax court have received overwhelming legislative support and could be on the 2024 ballot. Meanwhile, the Punjab government has increased VAT on petrol and diesel to bolster state revenue while facing criticism for its financial management. Additionally, the expiration of Donald Trump's 2017 tax cuts, set for December 31, 2025, remains a critical issue for the upcoming presidential election, with potential implications for future tax policies. As the campaign intensifies, candidates' tax proposals, particularly those of Democratic nominee Kamala Harris, are expected to shape voters' decisions.