don t forget this year is already been the biggest tax rise year since at least 1993. we ve had enormous tax rises announce this year, the national insurance site, the big corporation and income tax hikes announced back in march. i d be quite surprising if there s any doubt doing nothing else is going to be a big tax ours you did mention the student loan issue, it is possible to the point of which student loans are supposed to be repaid comes down. it went up just three or so years ago, we ve could have a sort of reverse policy and that would clearly make graduates somewhat worse off particularly as it will probably be applied to people who have already graduated. i don t think we get to see any increases in taxes or fuel or domestic energy. as ever, alcohol taxation could go either way. i wonder if we could take a step back and i wonder if you could paint
so much of that on the national health service, he hasn t actually gotten off a lot left for everything else come wednesday in terms of everyday people we are going to be keeping our eye on vat on energy bill, alcohol tax, capital gains, tax rates, student loan thresholds and minimum wage rise as well as pension. and minimum wage rise as well as ension. ~ :, , :, :, :, pension. who is going to lose out, or who is likely pension. who is going to lose out, or who is likely to pension. who is going to lose out, or who is likely to lose pension. who is going to lose out, or who is likely to lose out - pension. who is going to lose out, or who is likely to lose out on - or who is likely to lose out on wednesday? there s a lot of pressure on the chancellor, isn t there? i on the chancellor, isn t there? i don t think there will be any big don t think there will be any big losers. don t forget this year is already been the biggest sacrifice year since at least 1993. we ve had enormous t
for the infrastructure package, are we going to see that happen for those everyday americans where how much they pay at the pump really matters? the last time they raised the federal gas tax was in 1993 and it actually set off pretty much a revolt at the ball lot back. the republicans ran against it, bill clinton s gas tax hike with income tax hikes on the wealthy, the largest tax increase in world history the republican revolution of 1994 no president has touched it since then. it is interesting to hear him float this. the bigger question of infrastructure has hung there since the election that s the one where you can see there being buy inn from democrats. when you look at a republican president who won with traditional democratic voters in pennsylvania, michigan, wisconsin, you know the states and places, that s the one that they ve been waiting for him to move on. is he going to do it with an import tax, with the gas tax he s saying now. some way he can come up with financing thi
extent pyre in ten years. not extending part of the bush tax cuts is not raising the taxes. we actually raised the deficit by not getting rid of but still, looking at the sort of congress casting votes, the politics of this stuff is that in the public s eye counted as he got more revenue. now the case is we need more revenue and we re looking not at income tax hikes as much as the deductions in the loopholes we re talking about in exchange for the safety net cuts. here s the problem with that. two things. number one, per capita adjusted for inflation, the federal government is taking in a third less money than it was in 2000. the bush tax cuts did not deliver what they promised. incomes didn t go up for everybody. we re not better off. we have big deficit. complete failure there. the second is this enormous explosion of incomes at the top. you ve probably seen my chart. $59 after 45 years for the bottom 90% average increased income, $18 million for the 1%