Petition Reduce income tax to stimulate the economy

More details

There have recently been calls to reduce VAT to stimulate growth. However this would be the wrong policy as the country is still in a state of de-leveraging (individuals and families as well as the treasury). The most responsible strategy is to reduce debt before encouraging spending. Therefore reducing the income tax rate will put more money in peoples pockets allowing families to pay off their debt faster whilst giving the option to spend more to those who have surplus.

This petition is closed This petition ran for 6 months

3 signatures

Progress of the petition towards its next target: 3 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 19 October 2012
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