Deficit Reduction and the Role of Taxes
Article
There are tough decisions to be made about the timing and pace of deficit reduction and about the mix of spending cuts and tax increases. Much has been written about scale and timing, so this paper focuses instead on the spending cuts versus tax increases debate and, in particular, on the potential role of tax increases in deficit reduction.
Deficit reduction is one of the biggest challenges - perhaps the biggest challenge - facing the Conservative-Liberal Democrat Coalition government. The ultimate test for a government that wants to be seen as progressive is: who will pay? Are the poorest in society protected from the worst effects of deficit reduction?
Related items
Reclaiming social mobility for the opportunity mission
Every prime minister since Thatcher has set their sights on social mobility. They have repeated some version of the refrain that your background should not hold you back and hard work should be rewarded by movement up the social and…Facing the future: Progressives in a changing world
Realising the reform dividend: A toolkit to transform the NHS
Building an NHS fit for the future is a life-or-death challenge.