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Re: Cameron lied to get back in (tax credits and hard working people)
I agree with the aim that the Government/taxpayer shouldn't be subsidising employers, but uncomfortable with the scattergun approach to tax credit reductions.
However, it would appear the lady who was so eloquent/passionate on QT will not be affected by the changes...
http://www.telegraph.co.uk/news/poli...y-reforms.html
Quote:
the Institute for Fiscal Studies suggested that because Ms Dorrell does not make a profit she is unlikely to be hit by changes to the income threshold for working tax credits, which is being almost halved to £3,850 a year.
She will also not be affected by the changes to child tax credits, which will only be restricted to the first two children for new parents from April 2017.
David Phillips, a senior research economist at the IFS, said: "On what she has told us she wouldn't be affected by the cuts to the child tax credits or the change to the taper rate because she is not above the threshold.
"Even the family element thing comes in 2017, and will only apply to new claimants.
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