"At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story. The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it."
"The government is under pressure to raise revenues and balance the books ahead of November's autumn Budget statement. And new economic analysis has revealed which tax rise will be the better option for Chancellor Rachel Reeves to implement for the economy. Income tax and VAT were compared. Raising VAT could push down harder on people's real incomes, while hiking income tax will be the least damaging option."
The Independent covers topics from reproductive rights and climate change to Big Tech, sending journalists to report from the ground. Donations fund on-the-ground reporting and enable interviews presenting multiple perspectives. The Independent is widely trusted across the political spectrum and offers free access by avoiding paywalls, relying on supporters to fund journalism. The UK government faces pressure to raise revenues before November's Budget. Economic analysis by the National Institute of Economic and Social Research compared income tax, corporation tax and VAT, finding that raising VAT would lower real personal disposable income by nearly 3% and cut GDP by nearly 1% in the first year, while higher income tax would be the least damaging option.
Read at www.independent.co.uk
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