Danny Finkelstein says repeatedly that voters don’t believe politicians who promise tax cuts – so why make the promise? One thing for sure is that the next President of the USA will have run on a tax cutting platform and both candidates think that is what the voters want. Danny will no doubt argue that America is different, perhaps, or maybe he is re-fighting the 2005 UK campaign. Voters are now feeling the pinch, they would rather they took home more in their pay-packets. The Tories should join the LibDems in giving a straight-forward promise to substantially raise tax thresholds to help 95% of hard-working families. If it is good enough for Obama…
UPDATE : Danny defends himself this morning. He nuances it a little, he is in favour of tax cuts, but not the promising of them and questions whether they would be responsible. Is it it really responsible to depress the economy with this high level of taxation?
