Clegg outlines Lib Dem tax policy
New leader outlines 4p cut in income tax coupled with rise in green taxes
The new leader of the Liberal Democrats has outlined plans to cut income tax
and pay for it by raising green taxes.
Nick Clegg, in an interview with the
Daily
Telegraph today, rules out a 50% tax rate for those earning more than
£100,000.
‘Let me be clear, I will not be seeking to introduce a 50% tax rate for
earnings over £100,000 and I will not be seeking to increase the overall tax
burden on the British economy,’ he said.
He also proposed a four pence cut in the basic rate of income tax, funded by
£6.7 billion worth of new green levies on polluting cars, aircraft and other
polluters.
He also plans to strip pensions of higher-rate tax relief and reform capital
gains tax.
Further Reading:
Read
the Interview in the Daily Telegraph