Our High Rate of Family Breakdown Is Linked to Tax System That Does Not Recognise Marriage, Says Cameron
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Summary
David cameron gave a broad hint yesterday that he would introduce tax breaks for married couples as he set some clear blue water between himself and Gordon Brown. The Tory leader said the current system "actively discourages parents from living together", although he would not be drawn on a pounds 6.2bn tax-cut plan for married couples drawn up by former party chief Iain Duncan Smith. Mr Duncan Smith's 670-page policy review suggests a pounds 20-a- week tax break for married couples where one partner stays at home to look after children, and a change to the Tax Credit system which would give couples up to pounds 32.50 a week extra.
The two policies together would cost the Exchequer a maximum of pounds 6.2bn, assuming a high take-up. Mr Duncan Smith's report suggests raising some of the revenue from higher taxes on alcohol.See the full content of this document
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Our High Rate of Family Breakdown Is Linked to Tax System That Does Not Recognise Marriage, Says Cameron
Labour suggested the real cost of the package was even higher, at pounds 10bn.
Mr Cameron said he would not immediately "pick and choose" elements from the review, but with pressure from his own MPs for a tax cut if he wins the next election, he may baulk at the bill for the Duncan Smith proposals.But he singled out the proposals on marriage in a...See the full content of this document
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