Lib Dems want to spend today telling us the poorest would be taken out of Income Tax under their plans. They are less keen to talk about how they propose paying for that. Their tax policies include:
Higher Capital Gains Tax, at rates up to 50%
A £5 billion tax on pensions savings
A tax on more valuable homes
An aviation tax – the Lib Dems holiday tax
and £5 billion of unspecified tax rises by closing so-called loopholes which they do not name
If you enjoy it Lib Dems will probably want to tax it. Their lethal cocktail is anti enterprise, anti success, anti investment and anti jobs. Far from helping the poorest, Lib Dem policies would make it more difficult for them to get a job to get out of low incomes, because their tax ideas would damage job creating savings and businesses.
Promoted by Christine Hill on behalf of John Redwood, both of 30 Rose Street Wokingham RG40 1XU