James Cartlidge MP 🇬🇧 🇺🇦

@jcartlidgemp ↗

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Last Checked Feb. 6, 2022

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Wed Sep 08 12:29:34 +0000 2021

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James Cartlidge MP 🇬🇧 🇺🇦 @jcartlidgemp

Our manifesto also promised sound public finances. It’s hard to see how we would be delivering this if we stuck these extra billions on the national credit card. So those suggesting wealth taxes, CGT etc should be honest about the huge shortfall this would leave. — PolitiTweet.org

Posted Sept. 8, 2021

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James Cartlidge MP 🇬🇧 🇺🇦 @jcartlidgemp

But which taxes? Only 3 raise the kind of sums required: NICS, income tax, VAT. Yes, all were static in our manifesto but the pandemic has changed the world beyond recognition & especially the public finances. We have to use one of the big 3 or we are kidding ourselves. — PolitiTweet.org

Posted Sept. 8, 2021

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James Cartlidge MP 🇬🇧 🇺🇦 @jcartlidgemp

But which of the 3 big taxes? VAT is de facto regressive and income tax is not applied to business so individuals would be looking at 2.5% on income tax instead of the levy rate of 1.25% shared with employers. NICs is the credible, progressive option. — PolitiTweet.org

Posted Sept. 8, 2021