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Mancie · 25-08-2010, 12:04

Government Budget Cuts Are `Regressive,' Hit Poor Hardest ..
http://www.bloomberg.com/news/2010-0...ml..“The
"The distributional effect of all tax and benefit reforms due to be implemented by 2014-15 is clearly regressive within the bottom nine decile groups of the income distribution when losses are expressed as a percentage of net income,” the London-based IFS said in a report. Families with children in the bottom decile lose 5 percent of net income, the IFS said, compared with 1 percent for the richest decile."...
Just like I was saying...eh Jaysay?

25-08-2010, 12:04	#61
Mancie God Member Join Date: Feb 2006 Location: In the corner Posts: 5,946 Liked: 3 times Rep Power: 10740	Re: Cuts and yet more Cuts.. for who? Government Budget Cuts Are `Regressive,' Hit Poor Hardest .. http://www.bloomberg.com/news/2010-0...ml..“The "The distributional effect of all tax and benefit reforms due to be implemented by 2014-15 is clearly regressive within the bottom nine decile groups of the income distribution when losses are expressed as a percentage of net income,” the London-based IFS said in a report. Families with children in the bottom decile lose 5 percent of net income, the IFS said, compared with 1 percent for the richest decile."... Just like I was saying...eh Jaysay?