WYRE FOREST LIB DEMS VOTE TO END INCOME TAX
September 27, 2009 1:10 PM
The Liberal Democrats have voted to take four million people out of income tax altogether. Wyre Forest sent a delegation to the party's Bournemouth conference last week to hear Shadow Chancellor, Vince Cable propose to raise the standard threshold for income tax to £10,000. This would save everybody paying income tax on between £10,000 and £100,000 per year up to £700 per year and take millions of low paid workers and pensioners out of tax altogether. The scheme would be paid for by closing tax loopholes for the rich.
"About £40 billion is lost in tax dodges each year," says Wyre Forest Lib Dem Parliamentary Candidate, Neville Farmer. "The Lib Dems want to close loopholes such as claiming bonuses as low rate Capital Gains, high-end pension tax relief and offshore tax havens to pay for tax cuts for everyone else. Surely the phrase 'minimum wage' means the least you can live on. Why should such earners be paying tax?"
Lib Dems believe that this policy is both affordable and necessary to get money flowing again and to make the lives of many Wyre Forest workers and pensioners more manageable. "British voters have spent too long being told that there are only two parties in this election. Yet one after another, we are let down by Labour and Tory governments," says Neville Farmer. "Two wrongs don't make a right, so perhaps it's time people voted Liberal Democrat for a real change."
Neville Farmer
Parliamentary Candidate
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