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"The Liberal Democrats exist to build and safeguard a fair, free and open society, in which we seek to balance the fundamental values of liberty, equality and community, and in which no-one shall be enslaved by poverty, ignorance or conformity."
(Preamble to the Party Constitution).

Tuesday, March 13, 2007

"Cut income tax in budget," Lib Dems urge Chancellor

Chancellor Gordon Brown should cut national income tax, funded by rises in green taxes, when he delivers his Budget on 21 March, say Harlow's Liberal Democrats. Local Liberal Democrat parliamentary spokesman Cllr Lorna Spenceley said:
"Gordon Brown should use next week's Budget, which will probably be his last as Chancellor, to make the tax system fairer and deliver tax cuts for hard working local people.

He should cut tax on the things we want more of, like hard work, and pay for it by putting tax up on polluting activities.

This is what the Liberal Democrats are calling for. Without raising the overall amount of tax raised, the 'green tax switch' we propose would deliver lower tax bills for most households in Harlow, as well as tackling inequality and environmental damage."
Proposals put forward by the Liberal Democrats would:
  • Save a typical pensioner couple around £1,600 a year through proposals including scrapping council tax

  • Save a typical double-earning couple around £1,500 a year through measures including a 2p cut in the basic rate of income tax

  • Lift more than two million people on low income out of income tax completely across Britain by reducing the 10p tax rate to zero

  • Take 1.3 million people out of the top rate of income tax by raising the threshold to £50,000 p.a.
Lorna Spenceley added:
"The current system of taxation is not fair. The poorest 20% of households pay a bigger share of their income in tax than the richest 20%. Wealth inequality has actually risen since Labour came to power.

These Liberal Democrat proposals will make the tax system fairer for those on low and middle incomes. This will particularly benefit pensioners, key public sector workers and young professionals.

These tax cuts for the majority will be paid for by the wealthy and those with environmentally damaging lifestyles.

It's time for Brown to go green. And by doing so he can cut income tax bills for hard-working people here in Harlow."

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