I welcome the hon. Gentleman to the debate, as we have been lacking a challenge up to now and it is always good to be challenged. He makes an argument about the Laffer curve. I am sure he would agree that if tax rates are zero, you do not get anything, and that if tax rates are 100%, you would probably not get anything either. However, the question of where it is right to draw the line in between, in any given economic situation, is surely a matter for debate. You cannot simply say, “Oh, the Laffer curve says we can’t put tax rates up.”
Finance (No. 2) Bill
Proceeding contribution from
Sheila Gilmore
(Labour)
in the House of Commons on Thursday, 18 April 2013.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance (No. 2) Bill.
Type
Proceeding contribution
Reference
561 c518 
Session
2012-13
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2014-03-31 12:19:55 +0100
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