Osbourne planning tax cuts for the rich

[MacBeth]

Britain's aristocratic Chancellor seems to be a firm believer in "trickle down" economics. He therefore wants to cut Britain's higher rate of tax despite Britain undergoing austerity. There is no plans to cut VAT.


George Osborne urged business to make the case for the scrapping of the 50% income tax rate as he gave his clearest signal yet of his desire to reduce taxes on the wealthy.

The Conservative chancellor told a lunch of British executives in Davos: "I have always said this is a temporary tax. The long-term damage of this tax is potentially quite considerable, and that's why it is temporary."

He added: "Frankly, if the business community wants to make the argument about how detrimental the 50% tax is for investment and job creation, it should go away and do it."

The Guardian on Facebook | Facebook

[DownTheyGo]

Maybe they'll invest some in Irish bonds?

[True Republican]

osborne is right the 50% top rate of income tax is detrimental to british business, government has no business taxing people to the hilt regardless of wealth.

[bormotello]

It will make difficult tax increases for rich here
Kevin Doyle will be dissapointed

[momentimori]

osborne is right the 50% top rate of income tax is detrimental to british business, government has no business taxing people to the hilt regardless of wealth.

If the 50% band is so bad how come it has increased tax revenue?

If it was as bad as you say it should lead to lower revenue if the Laffer curve is to be believed.

[Libero]

Britain's aristocratic Chancellor seems to be a firm believer in "trickle down" economics. He therefore wants to cut Britain's higher rate of tax despite Britain undergoing austerity. There is no plans to cut VAT.


George Osborne urged business to make the case for the scrapping of the 50% income tax rate as he gave his clearest signal yet of his desire to reduce taxes on the wealthy.

The Conservative chancellor told a lunch of British executives in Davos: "I have always said this is a temporary tax. The long-term damage of this tax is potentially quite considerable, and that's why it is temporary."

He added: "Frankly, if the business community wants to make the argument about how detrimental the 50% tax is for investment and job creation, it should go away and do it."

The Guardian on Facebook | Facebook

LoL. That's Osborne-speak for "don't expect a reversal anytime soon, lads; I'm actually on your side compared to others; don't be so ungrateful".

[bormotello]

LoL. That's Osborne-speak for "don't expect a reversal anytime soon, lads; I'm actually on your side compared to others; don't be so ungrateful".

Government is committed to abolishing 50p tax rate, says Cameron | Politics | guardian.co.uk

[tokkie]

Britain's aristocratic Chancellor seems to be a firm believer in "trickle down" economics. He therefore wants to cut Britain's higher rate of tax despite Britain undergoing austerity. There is no plans to cut VAT.


George Osborne urged business to make the case for the scrapping of the 50% income tax rate as he gave his clearest signal yet of his desire to reduce taxes on the wealthy.

The Conservative chancellor told a lunch of British executives in Davos: "I have always said this is a temporary tax. The long-term damage of this tax is potentially quite considerable, and that's why it is temporary."

He added: "Frankly, if the business community wants to make the argument about how detrimental the 50% tax is for investment and job creation, it should go away and do it."

The Guardian on Facebook | Facebook

This is not much of a shock or even a discussion point is it? Tory boy acts like Tory and implements Tory policies. Shock!

[Libero]

Government is committed to abolishing 50p tax rate, says Cameron | Politics | guardian.co.uk

Surprise, surprise: Osborne makes some pro-forma statements regretting the need for a high marginal tax rate, vaguely indicating his intent to change it at some indefinite point in the future, and the Guardian presents this as Osborne's flinty determination to help his mates ASAP.

Meanwhile, the rest of us see the words "if the business community wants to make the argument about how detrimental the 50% tax is for investment and job creation, it should go away and do it",​ and we draw our own conclusions.

[Kevin Doyle]

Britain's aristocratic Chancellor seems to be a firm believer in "trickle down" economics. He therefore wants to cut Britain's higher rate of tax despite Britain undergoing austerity. There is no plans to cut VAT.


George Osborne urged business to make the case for the scrapping of the 50% income tax rate as he gave his clearest signal yet of his desire to reduce taxes on the wealthy.

The Conservative chancellor told a lunch of British executives in Davos: "I have always said this is a temporary tax. The long-term damage of this tax is potentially quite considerable, and that's why it is temporary."

He added: "Frankly, if the business community wants to make the argument about how detrimental the 50% tax is for investment and job creation, it should go away and do it."

The Guardian on Facebook | Facebook

Not going to happen, Osbourne knows it and is trying to pass the buck so the wealthy benefactors to the Tory party don't close their cheque books.

Its called politics dahlinks.