Saturday, December 31, 2011
Why does Ed Miliband keep disagreeing with The coalitions VAT rise when he doesnt cWhat would you like to ask?
He argues because the VAT rise hits those that can least afford it most. As for Terrier's argument about the rising of the tax threshold, he fails to mention that pensioners and the unemployed do not gain anything from this, so will be hit full on with the VAT increase, also, the tax threshold at present has only been raised �1000 which means it only benefits people by �200 a year, not �400, we should also not forget that NI is going up 1% for workers only, which will wipe out a lot of the �200 gained from the raising of the tax threshold. As for others ways of doing things, as Labour have said many times and the Libdems agreed before they saw a chance of some power, the cuts could be made over a longer period. Our triple A credit rating is under no threat as we have never defaulted on a loan. The coalition could also go after the tax dodgers and the bankers, which would then mean that many of the cuts aren't needed.
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