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Radical tax plans get local backing
September 19, 2006 10:00 PM
The Liberal Democrat conference today passed radical new tax policies that would see thousands of residents in Greenwich better off says local party finance spokesperson Mark Pattenden.
Under a Lib Dem budget, two million low paid workers would no longer pay any tax at all and the basic rate of income tax would be cut by 2% to 20%. There would also be a significant tax cut for those on middle incomes by increasing the threshold for higher rate tax to £50,000.
Local campaigner Mark Pattenden, a chartered accountant, said that "these proposals help to redress the balance in the tax system. At the moment, those at the bottom on low incomes are paying more tax (as a proportion of their income) than those at the top. That's just crazy."
Commenting on the proposals Liberal Democrat Shadow Chancellor, Vince Cable MP said:
"I welcome conference's endorsement of these radical tax policies, which will see two million low paid workers taken out of income tax altogether. They put us on a strong footing as we move towards the next election.
"Green taxes will produce the behavioural changes needed to safeguard our environment without increasing the overall tax burden."
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