09:21 01 May 2013
Finances are at the heart of discussion now for Prime Minister David Cameron. Recent benefit changes to families with children and others on the various benefits have many people feeling a bit disgruntled. Mr. Cameron is now pushing for marriage tax breaks to help offset the financial burdens of losing out on certain benefits.
Many households are concerned about the status of their finances with these changes, but allowing a bit of tax relief for married couples seems to be a good move towards ensuring that as much money as possible remains in a family’s pocket.
Potential benefits of marriage tax breaks:
Negatives of marriage tax breaks:
No plan is perfect, but overall the results of this proposed legislation may provide some relief on many family finances. This influx of money, even if it seems small could be poured back into the economy which would serve to help the economic situation in the area and help the UK recover from its depression.
Effects would be slow and minimal at first, but with this proposal many families might be able to enjoy a slight break that will benefit their finances and possibly improve their lifestyles.
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