Ryan Bourne outlines how the Government could fund tax cuts now
Videos of CPS Conference events now available online
Ted Bromund, Senior Fellow at the Margaret Thatcher Center for Freedom at the Heritage Foundation, explains how Mitt Romney is the candidate backing the ‘Special Relationship’ in the Republican leadership race
Adrenalin Now –targeted tax cuts
In the report, Bourne:
notes that if growth is half that forecast by the OBR across this Parliament, the deficit will still be 9% of GDP by 2015
proposes £14 billion of savings from abolishing the differential rates of pension tax relief for higher rate payers, abolishing contracting out of S2P, cutting international aid to 2010/11 spending and ending the 25% tax-free lump sum entitlement from pensions.
recommends abolition of the 50p tax rate, and swift cuts to corporation tax, employer NICs and a £500 increase in the personal allowance above the Government’s proposed plans.
Polling undertaken for this report by ComRes shows support for many of these policies
. While a majority oppose the abolition of the 50p tax band, when it is accompanied by an increase in the personal allowance, more people than not actually support the proposal.
The full pamphlet and polling results can be downloaded from here
Think-tank calls for tax cut to boost economy
Telegraph - (front page of the business section)
Tim Montgomerie: George Osborne has six weeks to save his economic policy
Ryan Bourne: Targeted tax cuts now would aid growth and would be popular
Videos from conference now available
Foreign Policy in the U.S. Campaign
Professor Ted Bromund of the Margaret Thatcher Center for Freedom at the Heritage Foundation in Washington, D.C. continues his excellent guest blogging series
for CPS by profiling the appearance of foreign policy in the campaigns of the Republican Presidential primary candidates.