A £1,400 tax cut for every working couple

Liberal Democrat MP for Bath, Don Foster, today welcomed the party’s new plans to bring in a fairer tax system.

Under the Liberal Democrats no-one will pay a penny’s tax on the first £10,000 they earn each year. The proposals give every working person a £700 tax cut – £1,400 less tax a year for every working couple.

Pensioners will each receive a £100 tax cut while 4 million of the poorest people will be taken out of paying income tax completely.

Don said, "While the Tories are only interested in helping out their super-rich friends, our fairer tax system will give tax cuts to all Bath’s workers".
"I know how useful working families will find the £1,400 tax cut they will receive from the Liberal Democrats each year". "And I know it is absolutely right that tax loopholes are closed to pay for those cuts. It is only fair."

Along with closing a series of tax loopholes, the Liberal Democrats will introduce a mansion tax – a 1% levy on the value of homes worth more than £2m.
Don added, "No one in a home worth less than £2m will pay a penny of extra tax on their property". "This is a tax that will only hit the very richest in the country – and only a handful in Bath."

The Liberal Democrats will replace council tax with a local income tax, based on people’s ability to pay. Money raised locally will be spent locally, improving the community we live in.

City MP Don added: "Not only is council tax unfair, penalising pensioners who no longer work, but the money is spent by faceless bureaucrats in Whitehall".
"Under Lib Dem plans what’s raised in Bath & North East Somerset will be spent in Bath & North East Somerset - directly improving our community. What could be fairer than that?"