Is Fink Now Going to Campaign Against the Government?

Readers will be aware that Guido and Danny Finkelstein have been squabbling for years about raising the tax thresholds for the working poor. Guido was even christened a “punk tax cutter” by Fink and at one point Nick Clegg himself intervened in our argument. Fink generously gave Clegg the space on his blog to tell Fink that he was wrong saying “I’m not sure I’ve ever been called a “punk tax cutter” before. I quite like the label… Danny Finkelstein is wrong, and cutting taxes is right… Growth is what we need now.” Fink gave a fair summary of his argument in January:

Is raising the income tax threshold, paid for by other rises, a good reform?

First, there are those who argue that it is a tax cut aimed at the working poor. This misunderstands who would actually gain from the measure. The vast bulk of the money goes to those earning more than £10,000. It is a very expensive tax cut, very poorly targeted on the working poor.

Second, there is an interlocking relationship between income tax and working families tax credit. Many of the working poor would find the money they gained from the tax cut clawed back because their increased income attracted less tax credit.  Those of us who believe in lower taxes are always attracted by proposals to reduce tax bills. But there are good reasons to argue that this is neither the moment, nor the measure.

So Fink is squarely against the coalition government’s key tax pledge and we should expect to see columns and blogs by Fink resisting this policy using the rationale he has advanced time and time again.

Fink also argued inWhy the Tories Can’t follow the Lib Demsthat if the Tories followed them down the tax cutting route, it would be a total disaster, in The tax debates: A response to Guido Fink argued that “the Lib Dems are in a fundamentally different position to the Conservatives. They are not offering to be the next Government and their credibility doesn’t matter. Nick Clegg has been hilariously unconvincing on the question of where the money for his tax cuts is coming from.” Is Fink laughing now?

One final claim that Fink never deigned to justify, despite repeated attempts by Guido to get him to, was that:

If the Tories were now to cut taxes immediately upon on entering office, what would happen? It would, erm, destabilise the economy, wouldn’t it.

Gilts are up a point since the coalition agreement, including Clegg’s tax cuts, was published. Game, set and government to Guido.



Tip offs: 0709 284 0531
team@Order-order.com

GuidoFawkes Quote of the Day

David Cameron tells MPs after voting:

“Wouldn’t miss this for the world. Secret ballots very important. Remember the Chartists.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

ANTI-FRACKING PARLIAMENTARY CANDIDATE WANTED TO WORK FOR FRACKERS ANTI-FRACKING PARLIAMENTARY CANDIDATE WANTED TO WORK FOR FRACKERS
Crick Gets Paxo’d Crick Gets Paxo’d
Cameron’s Secret A-List Cameron’s Secret A-List
Corrections and Clarifications: Brooks Newmark Corrections and Clarifications: Brooks Newmark
What is Wrong With the Lobby? What is Wrong With the Lobby?
Arrogant Bercow: “I’m Not Going Anywhere” Arrogant Bercow: “I’m Not Going Anywhere”

GOVERNMENT SHELLS OUT FOR PHOTO OF DEAD ZEBRA GOVERNMENT SHELLS OUT FOR PHOTO OF DEAD ZEBRA
DWP Press Office Wins the Internet DWP Press Office Wins the Internet
Two-Faced Chuka Ruins Labour Attack Ad Two-Faced Chuka Ruins Labour Attack Ad
Cameron Mauls Miliband at PMQs Cameron Mauls Miliband at PMQs
Actual Pub Landlord Likes Farage Actual Pub Landlord Likes Farage
Dave’s SNP Poodle Zinger Dave’s SNP Poodle Zinger
GREEDY SOLAR INDUSTRY WANTS MORE PUBLIC CASH GREEDY SOLAR INDUSTRY WANTS MORE PUBLIC CASH
This is the worst thing the LibDems  have ever done This is the worst thing the LibDems have ever done
CLIMATE CHANGE FUELLED MOSQUITOES ARE NOT COMING TO GET YOU CLIMATE CHANGE FUELLED MOSQUITOES ARE NOT COMING TO GET YOU
ORDNANCE SURVEY OPENS UP DATA MAPPING TREASURE CHEST ORDNANCE SURVEY OPENS UP DATA MAPPING TREASURE CHEST
“I’d S**k Off David Cameron” “I’d S**k Off David Cameron”
WATCH: Cameron Heckled By Pensioners WATCH: Cameron Heckled By Pensioners
WATCH: Gove v Campbell WATCH: Gove v Campbell
Politician dumps his wife over sexy selfies Politician dumps his wife over sexy selfies
UKIP PROTESTERS ORGANISED BY GREEN LOBBYIST UKIP PROTESTERS ORGANISED BY GREEN LOBBYIST
You’ve Been Cricked! You’ve Been Cricked!
He’s Not Dancing Anymore He’s Not Dancing Anymore
Miliband’s Hedge Funder Hypocrisy Miliband’s Hedge Funder Hypocrisy
NATIONAL TRUST CLAIMS CLIMATE CHANGE IS “BIGGEST THREAT” NATIONAL TRUST CLAIMS CLIMATE CHANGE IS “BIGGEST THREAT”
GREEN PARTY CANDIDATE IN SICK NAZI CANCER SLUR GREEN PARTY CANDIDATE IN SICK NAZI CANCER SLUR
TRANSPORT MINISTER BELIEVES ROADS WILL SELF HEAL TRANSPORT MINISTER BELIEVES ROADS WILL SELF HEAL
Who’s Telling Porkies? Who’s Telling Porkies?
Fascists in Fancy Dress Fascists in Fancy Dress
VIVIENNE WESTWOOD DUMPED BY GREENS VIVIENNE WESTWOOD DUMPED BY GREENS