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It would also make further tax cuts more difficult to achieve.
Republicans are already pressing for further tax cuts, some of which have bipartisan support.
Lower down the income scale, there were further tax cuts, although less generous.
Further, tax cuts for families with children are tapered out for the richest.
The sharpest debate is likely to be over further tax cuts.
But he thinks no further tax cuts should go into effect.
The first would be immediate: further tax cuts for households and businesses, as well as an extension of jobless benefits.
The very rich are depicted as champions of the people who would graciously repay further tax cuts with economic growth.
The FDP, which reluctantly gave up the idea of further tax cuts, vetoed increases in income and consumption taxes.
Meanwhile, businesses and more affluent households are set to gain as a result of further tax cuts.
An Observer/Opinium poll shows that a majority of people disbelieve the Tories' pledges on further tax cuts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com