Tories & tax cuts

With Philip Hammond suggesting that the Conservatives won’t cut taxes until a second term in government, there’s a lot of great reading material on the Tory tax debate in today’s papers and across the political blogosphere.

The Telegraph’s Janet Daley is among the commentators who want the Tories to be bolder on tax.  Here are some key passages from her article today:

“Mr Osborne had committed the party, as it were, to being uncommitted on the question of tax cuts: there would be no promises now of “upfront, unfunded” tax reductions, just a cautious wait-and-see-if-we-can-afford-it-at-the-time approach.

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Reducing the tax burden was, of course, an “aspiration” but it was an open question whether the economic growth which was to be “shared” between public spending and tax reductions would be sufficient to allow for the latter (since the party had already undertaken to match the former at Labour levels).