Lib Dems commit to scrapping highest Council Tax in the country
July 13, 2007 10:58 AM
Greg Stone with Andrew Stunnell MP and Fiona Hall MEP
"Thousands of Sedgefield residents are set to benefit from radical Lib Dem tax plans." says Lib Dem Candidate Greg Stone. The proposals revealed by Liberal Democrat Leader Sir Menzies Campbell today will take the basic rate of income tax to its lowest level since 1916.
Greg said, "One of the key issues in this campaign has been the unbearably high tax burden on so many residents here. I have been speaking to residents in Sedgefield, furious about having the highest Band D Council Tax in the country whilst services have been slashed under Labour. I think a fairer Local Income Tax based on ability to pay is a strong message to take to local residents. The Liberal Democrats would scrap the highest Council Tax in the country whilst helping thousands of Sedgefield residents with our fully costed tax cuts."
The move to cut the basic rate by four pence in the pound will reduce the basic rate of income tax to 16p, benefiting millions of people on low and middle incomes.
The plans are a development of those approved by the party conference last year and form part of the party's proposals to lift the tax burden on low and middle income earners whilst making the rich and people with environmentally damaging lifestyles pay a fairer share.
The revised proposals are tax neutral and have been independently evaluated by the IFS.
For more information please see:http://www.libdems.org.uk/news/liberal-democrats-propose-4p-cut-in-income-tax.12898.html
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