Friday, 16 October 2009
Child Benefit and teddy bears' picnics
"As we are all frog-marched down to the Finance Minister’s picnic, let’s see what effect cutting Child Benefit will have. For all the indications are that this payment is in the firing line. Many have argued that it’s a no-brainer – sure, doesn’t Child Benefit get paid to rich folk? Doesn’t that mean it’s regressive? We could cut the payment without harming (too much) low and average income groups – and save the state a lot of money". You can read the rest of Michael Taft's post on the effects of a cut in Child Benefit here.