So farewell, then, Britain’s tax-cut-too-far. Christopher Luxon says it's misleading to compare their dopey tax cuts with his, and he has a point.
They've abandoned a top tax rate drop that would have lowered it to a level that would still be a higher top tax rate than ours is now. Yes, really. They wanted to drop from 45% to 40%. Our top rate is 39. Old Mate Grabaseat wants to ditch it and make the effective top tax rate 33.
We can't ask him to elaborate, though. He's on a break, and most likely quite relieved about that. Explaining the distinctions would surely have had him walking back the explanations in the customary manner, all the usual tropes and jargon, and muddled reasoning, and photoshopping of the unforced errors.
