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Thread: David Laws calls for middle-class taxes to be cut within five years

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    David Laws calls for middle-class taxes to be cut within five years

    He says: “Towards the end of this parliament, as the deficit targets are met, securing social recovery will require more of the future proceeds of growth to be invested in education, health and welfare reform.
    “Just as in the private sector, these services cannot be delivered without adequate funding.But if we can continue the spending discipline in other areas of the public sector, we will also create the scope for tax reductions.
    “Once the £10,000 personal allowance is delivered, there will be a strong case for looking at the burden on those in employment on low and middle incomes.



    I am delighted to see planning for a time when we have made huge progress in correcting our debt issues to the point where we might consider reducing taxation especially for that part of the population doing so much to improve the nation's state.


    Read more:-

    David Laws calls for middle-class taxes to be cut within five years - Telegraph

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    Re: David Laws calls for middle-class taxes to be cut within five years

    About time i say. Since Labour adopted mad cap 'tax and spend' policies in 1997 we had a country which teetered on the brink of financial calamity. All the money which was thrown at public services(which was doubled under labour) havent made them twice as good as they were pre 1997. We still have dirty hospitals, mixed wards, illiterate school-leavers and 13 per cent of the population in households where no one works. The war on the motorist was turned up to fever pitch under labour with rapid increases in the road fund licence and exponential increases in duty on fuel, all under the guise of 'green taxes'. Pensions were an easy target, even charities were bullied into trying to give up their charitable tax status under labour. Almost every avenue of life could not escape the tax grab of the treasury.

    Our income tax looked like an upfront bill looks like a bargain, but the small print contains a nasty shock. It's no surprise that people are angry. As a result, for the first time in many years, I believe there is a wonderful opportunity to have a no-holds-barred debate about the desirability of lowering taxes in a few years, on the grounds that families would spend their hard-earned money more wisely than the State. The Tories are better placed to change things than either labour or the Liberal democrats. For a start, most of them actually believe in low taxation, not just as political expediency, but as the morally right thing to do. As William Hague put it:

    A low tax society is a responsible society. Low tax gives people the means to look after themselves and acquire responsible habits. High tax drives out good conscience, drives out generous instincts and drives out the sense of personal responsibility
    Vote BNP

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    Re: David Laws calls for middle-class taxes to be cut within five years

    Yay!

    This is good

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    Re: David Laws calls for middle-class taxes to be cut within five years

    Quote Originally Posted by radical change View Post
    Yay!

    This is good
    In relation to my post about you being 11, why is this good?

    In your view, why do you think the government should cut taxes for the middle classes?

    (Sorry if that sounds patronising, just trying to get more of a contribution - politics teachers are worse for this)
    The only thing that saves us from the bureaucracy is its inefficiency
    ~ Eugene McCarthy

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    Re: David Laws calls for middle-class taxes to be cut within five years

    Quote Originally Posted by LA View Post
    In relation to my post about you being 11, why is this good?

    In your view, why do you think the government should cut taxes for the middle classes?

    (Sorry if that sounds patronising, just trying to get more of a contribution - politics teachers are worse for this)
    LA, you could probably improve his education by giving your view!

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    Re: David Laws calls for middle-class taxes to be cut within five years

    Quote Originally Posted by soloman View Post
    He says: “Towards the end of this parliament, as the deficit targets are met, securing social recovery will require more of the future proceeds of growth to be invested in education, health and welfare reform.
    “Just as in the private sector, these services cannot be delivered without adequate funding.But if we can continue the spending discipline in other areas of the public sector, we will also create the scope for tax reductions.
    “Once the £10,000 personal allowance is delivered, there will be a strong case for looking at the burden on those in employment on low and middle incomes.

    I am delighted to see planning for a time when we have made huge progress in correcting our debt issues to the point where we might consider reducing taxation especially for that part of the population doing so much to improve the nation's state.

    Read more:-

    David Laws calls for middle-class taxes to be cut within five years - Telegraph
    The lowering of taxes right across the board should indeed be a priority for the government once our level of debt has been reduced to a reasonable level and the future interest payment schedule becomes sustainable with the reduced tax income to the exchequer. However I'd say that the raising of the threshold of personal allowances to nearer £15,000 would have a proportionately higher effect for the average working person, especially if it could be tied in with a further simplification in the benefit system for those people who are working but are still able to claim something like working tax credit.

    But let's not forget that getting rid of the 50% tax rate on higher earners is just as important to bring revenues back into the country; as well illustrated by the Laffer Curve the implementation of this tax has already cost the exchequer an estimated £4.5 billion in lost revenues as people and businesses who can easily do so relocate away from the UK.
    Socialism in general has a record of failure so blatant only an intellectual could ignore it - Thomas Sowell

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    Re: David Laws calls for middle-class taxes to be cut within five years

    So the tories are so good and so clever that in 4 years they'll wipe out our debt enough to start cutting taxes.
    Hmn, they're not offering us good deals on second-hand cars, are they?
    radical change, 1st lesson, never believe anything a politician tells you.
    2nd lesson, see 1st lesson.
    In a time of universal deceit, telling the truth is a revolutionary act. – George Orwell

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    Re: David Laws calls for middle-class taxes to be cut within five years

    Quote Originally Posted by TellMeMore View Post
    So the tories are so good and so clever that in 4 years they'll wipe out our debt enough to start cutting taxes.
    Hmn, they're not offering us good deals on second-hand cars, are they?
    radical change, 1st lesson, never believe anything a politician tells you.
    2nd lesson, see 1st lesson.
    David laws is actually a Liberal Democrat!

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    Re: David Laws calls for middle-class taxes to be cut within five years

    Oh, jees, sorry, I didn't realise that Osborne had handed the chancellorship to the LDs, whoops, my mistake.....
    In a time of universal deceit, telling the truth is a revolutionary act. – George Orwell

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    Major Sinic Guest

    Re: David Laws calls for middle-class taxes to be cut within five years

    Quote Originally Posted by TellMeMore View Post
    Oh, jees, sorry, I didn't realise that Osborne had handed the chancellorship to the LDs, whoops, my mistake.....
    And your point is..?

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