"Tax cuts should be for life, not just for Christmas."
For it does seem that despite calls from the Lib Dems to make the tax cuts permanent and real to the lower paid through restructuring the system making it fairer and closing loopholes for the wealthy, this is a short-term cash bribe. It may well be the sort of cash bribe that previous chancellors have sought to offer just before a general election, whether real or phantom. Indeed while welcoming the tax cut Nick Clegg the Liberal Democrat leader added:
"The right thing to borrow for is not short-term cash bribes but long-term
capital investment in infrastructure the country needs anyway."
Worryingly the Tory's Shadow Business Secretary Alan Duncan said of the twinkled toed wannabe he is shadowing:
"He [Peter Mandelson] has fessed up to what Gordon Brown is not
prepared to admit, that unfunded tax cons now will leave taxpayers with a
cripplingly expensive bill later."
So not just will the tax cut be short-lived we'll be faced with even bigger bills to come. Thank you Gordon for encumbering us with increasing debt, and the bill for it, rather than looking at a sustainable and realistic restructuring of the debt and payment methods.