Quote:
Originally Posted by jaysay
I would think the economy is a priority never mind whether men in red coats can chase foxy woxy on horseback  |
'Those who have saved up for their retirement are to be clobbered by a big increase in the Capital Gains Tax on non business assets. This was one of the Lib Dem demands that the Conservatives agreed to in order to get a deal.'
'It is bad enough that the Inheritance Tax cut has been shelved. But this proposal would actually make matters worse for those wanting to pass something on to their children.
As the Conservative’s own tax policy advisor Lord Forsyth says, if we want the economy to grow: ‘You don’t do that by punishing people who save and invest and want to pass assets on to their children.’
Trampling on the fragile economic recovery with tax hikes on the wealth creators does not make economic sense. Nor is this politically justifiable. There is no mandate for it.'