Don Foster MP*
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4p income tax cut would be great news for people of Bath

Don has welcomed plans unveiled today to reduce the basic rate of income tax to 16p, and scrap the council tax, benefiting millions of people on low and middle incomes.

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Commenting, he said:


"These proposals would mean lower tax bills for most households in Bath, as well as tackling inequality and environmental damage."


Proposals in the Liberal Democrat tax policy paper, 'Reducing the burden: Policies for tax reform' would


        Save a typical pensioner couple nearly 1,600 a year through proposals including scrapping council tax1


        Save a typical double-earning couple around 1,000 a year through measures including a 4p cut in the basic rate of income tax2


        Remove tax loop-holes exploited by the super-rich


        Reform stamp duty to reduce the amount of tax paid on properties worth less than 500,000


        Reform Inheritance Tax, with the aim of raising the starting threshold to 500,000


Don said:


"The current system of taxation is not fair. The unacceptable reality is that in Britain today the poorest pay a higher proportion of their income in tax than the super-rich. Wealth inequality has actually risen since Labour came to power.


"Our new proposals will put fairness at the heart of the tax system. Low and middle income earners in this country shoulder too heavy a tax burden.


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


"I look forward to supporting these proposals when they are debated and voted on at the Liberal Democrat Conference in Brighton in September."


ENDS

This article published: 12/07/2023

Published by Bath Liberal Democrats, 31 James St West, Bath, BA1 2BT. Printed and hosted by JPC Infonet, 2 St Georges Works, Trowbridge, Wiltshire, BA14 8AA. Your Privacy._blank

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