4p Off Tax - says Last ofthe Summer Wine Man

[beano500]

I've just heard Cleggy off LOTSW call for a 4p cut from Income Tax - hasn't he realised that Gordon IsamoronBrown hasn't got tuppence ha'penny to give away let alone 4p.

Those Liberal Demoprats have gone stark staring bonkers!

[Munter]

4p off income tax.... I presume then that something else would go up to compensate. VAT on shoes or something probably...

[otolith]

Knowing the LibDems, it would be 4p off the basic rate to be made up with either an increase in the higher rate or a hike in petrol or VED prices.

[jacobyte]

He would simply add 10p tax extra for those currently on 40%.

[johnfm]

Pistonheaders COMPLAINING about a tax cut??!! WTF??!!

It could easily be funded by cutting some benefits spending. THough Clegg wants to remove some tax relief for rich people's pensions.


Either way, TAX CUTS for people who get off their arse and WORK should be applauded.

[JagLover]

johnfm said:

Pistonheaders COMPLAINING about a tax cut??!! WTF??!!

It could easily be funded by cutting some benefits spending. THough Clegg wants to remove some tax relief for rich people's pensions.

Last time I checked the Lib Dems plans for tax 'cuts' were revenue neutral

[otolith]

Here we go:

http://www.guardian.co.uk/politics/2008/sep/15/lib...

Guardian said:

The Lib Dems' existing tax pledge to cut 4p off income tax would be funded by hitting the rich by taxing capital gains at the same rate as income tax and closing tax loopholes. There would also be green taxes.

Senior Lib Dem sources said they wanted to build on this by cutting £20bn from government spending. Most of this would come from cutting government waste rather than frontline spending. This would then fund new Lib Dem initiatives, such as a "pupil premium" and a new NHS guarantee that all patients would be entitled to free private care if they were not treated in an agreed time.

One senior figure said: "We are outflanking the Tories on tax cuts. But we are not doing this from the right because everything we do - from tax cuts to spending on public services - is aimed at the less well off."

Well, I guess if they are only interested in helping the less well off, the middle classes ought not to vote for them?

Edited by otolith on Friday 24th October 19:34