A Quote by Wes Streeting
After Brexit referendum, our country faces major challenges. Risks to the economy and living standards are growing. The public is split.The government is in disarray. Ministers have made it clear they have no exit plan, but are determined to make working people pay with a new round of cuts and tax rises.
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Civil servants are fully aware of the challenges the British economy faces. They are, after all, working tirelessly and professionally to support the coalition government through the current challenges, every day, and in every part of Britain.
Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric.
We can lift standards of living for working families in this country. We can help small businesses create jobs. And we can have a beneficial impact on the economy as a whole if we do tax reform right.
If parliament and government work together in their respective constitutional roles, and respect due processes, we will maximise our chances of making the right decisions as we encounter the many challenges, risks and opportunities Brexit poses for our country.
This country pays a price whenever our economy fails to deliver rising living standards to our citizens - which is exactly what has been the case for years now. We pay a price when our political system cannot come together and agree on the difficult but necessary steps to rein in entitlement spending or reform our tax system.
After 25 quarters of so-called recovery under Obama, it has increased a total of only 14.3 percent. Compare this to earlier periods. After the JFK tax cuts of the early 1960s, the economy grew in total by roughly 40 percent. After the Reagan tax cuts of the 1980s, the economy grew by a total of 34 percent.
We could choose to leave as a country split and an economy disjointed, struggling to make our way in a new world outside the E.U. Or we can come together as one United Kingdom, confidently seizing new global opportunities as we build a prosperous, secure nation fit for the future challenges we will face.
If we're going to have a strong and dynamic economy in the years ahead, we need to tackle some of the structural challenges that our economy faces and the tax code is one of the biggest.
The Government cannot afford to have a country made up entirely of rich people, because rich people pay so little tax that the Government would quickly go bankrupt. This is why Government men always tell us that labor is man's noblest calling. Government needs labor to pay its upkeep.
Speaking to people in all parts of the country, it has become clear to me that there is a definite appetite for the option to reject Theresa May's Brexit and hold a referendum.
Every tax cut I call for is targeted, it's responsible and it is paid for within my balanced budget plan. My tax cuts will not undermine our economy. They will speed economic growth.
What we want as an economy is companies and people, you know, working hard to come up with creative ways to be more productive. We don't want companies and people working hard to lobby government for special tax cuts.
The Government have made it clear that the constitutional treaty will be ratified in the UK only after a referendum.
You see, in government, people give you a mandate, and you've got to fulfil that. Ours is very clear. Fix our public finances and get our country working.
Should we freeze or postpone prospective tax cuts and avoid any new tax cuts until we are sure we have the money to pay for the war on terrorism and the war in Iraq.
I'd like to help struggling homeowners who can't pay their mortgages, I'd like to invest in our crumbling infrastructure, I'd like to reform the tax system so multimillionaires can't pretend their earnings are capital gains and pay at the rate of 15 percent. I'd like to make public higher education free, and pay for it with a small transfer tax on all financial transactions. I'd like to do much more - a new new deal for Americans. But Republicans are blocking me at every point.
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