Tag Archives: tax cuts (Lib Dem)

The Independent: Lib Dems should “make peace and move on” from the Health Bill

Today’s Independent has an editorial with some friendly advice for the Liberal Democrats. The paper praises the party for the amendments made to the Health and Social Care Bill but advises that it’s now time to “make peace and move on” by passing the Bill:

With the Liberal Democrats in Gateshead for their spring conference this weekend, NHS reform is once again top of the agenda. And once again grassroots activists are threatening rebellion. It would be a mistake – for the NHS and also for the party. It is time to make peace and move on.

Last year’s conference was a

Posted in LibLink | Also tagged and | 7 Comments

Stephen Williams MP writes… What would you do with £60 extra every month?

The Liberal Democrats are demanding that our Coalition Government gives you a much needed tax cut. We want to give hard-working people over £700 extra a year; that’s about £60 extra in your wages every month. Instead of helping millionaires, the Lib Dems want to give millions of deserving people a break. You can help us to get this tax cut announced in the Budget on 21st March.

Please tell me today what you’d do with an extra £60 a month.

By telling me how you’d use the £60 tax cut you’ll not only be spreading the word, you’ll also …

Posted in Op-eds | 22 Comments

LDVideo: Jo Swinson’s Political Slot: The Liberal Democrats are in government on your side

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New poll finds 60% of public backs Lib Dem flagship policy of tax-cuts for low-paid funded by tax increases for wealthy

It’s a month since Nick Clegg made a fresh bid to put the Lib Dems’ flagship 2010 manifesto policy once again front-and-centre: further tax-cuts for the lowest-paid to be funded by higher taxes for the wealthiest.

And today came news of what the public thinks of the Lib Dem approach to fairer taxes, with the Independent reporting the following ComRes poll results:

A majority of people want George Osborne to raise taxes for the rich in next month’s Budget in order to take more low paid workers out of tax, according to a ComRes survey for The Independent. Some

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The Tories’ tax problem

Cut national insurance contributions, says Liam Fox. Cut capital gains tax, says David Davis. Give tax breaks to married couples, say Stewart Jackson and others. Back wealth taxes to cut taxes on “families and employers”, says Tim Montgomerie.

There’s no shortage of Tories suggesting taxes for George Osborne to cut when he delivers his budget. Yet it’s the junior party in the coalition which is leading the debate on tax cuts – a curious situation which no doubt shocks Tories as much as it infuriates them.

The reasons the Lib Dems are leading the way on tax cuts are straightforward. First, the …

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Laws and Hughes up pressure on Osborne to cut taxes for the lowest paid

Yesterday’s Independent on Sunday carried the news that Lib Dem MPs will this week step up the pressure on the chancellor, George Osborne, to move more quickly to raise the income tax personal allowance to £10,000. This follows Nick Clegg’s speech last month in which he called publicly for the upcoming budget to go faster than previously anticipated in implementing the policy.

As the Indy reports:

This week the Lib Dems will mount a major campaign to persuade Mr Osborne to agree to a sharp increase in the allowance. Simon Hughes, the party’s deputy leader, has urged all members and

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What The Spectator says: ‘Obama the Lib Dem’. (PS: It may even be a compliment.)

Over at The Spectator, Jonathan Jones looks at the US and UK approaches to their forthcoming budgets — cutting the deficit, taming debt, etc — and his fourth and final point concludes:

Obama the Lib Dem. It’s striking how similar Obama’s tax priorities are to those of the Liberal Democrats, even though the specifics differ either side of the Atlantic. Obama wants to extend the payroll tax cut for ‘160 million hardworking Americans’, which he says is worth ‘about $40 in every paycheck’ for ‘the typical family earning $50,000 a year’. The Lib Dems have been pushing to raise the

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LibLink: James Plunkett – Budget 2012: 20 minutes in, 1-0 Team Clegg

Over at the New Statesman, James Plunkett, who is leading the Resolution Foundation’s Commission on Living standards, looks at what we’ve learned from the recent interventions by Nick Clegg (pushing for a £10k income tax threshold to help the lowest-paid) and Danny Alexander (urging this be paid for by ending higher-rate pension relief) — and what those interventions might mean for George Osborne’s budget this March…

If there’s one thing Alexander’s intervention confirms it’s this: the key question for the 2012 Budget is no longer whether the Lib Dems will get anything on personal allowances but how the next

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90% of Lib Dem members back 50p tax for highest earners & 73% increased taxes for wealthiest

Lib Dem Voice has polled our members-only forum to discover what Lib Dem members think of various political issues, the Coalition, and the performance of key party figures. Some 570 party members responded, and we’re publishing the full results.

90% of Lib Dem members back principle of 50p rate

LDV asked: In 2009 a new top rate of income tax of 50p in the pound was introduced for earnings over £150,000. Previously the top rate of income tax had been 40p in the pound. At what income level do you think the Coalition Government should set the 50p top rate of income tax?

    2%

Posted in LDV Members poll | Also tagged | 13 Comments

Danny Alexander: it’s time to axe higher-rate tax relief on pensions to fund tax-cuts for lowest-paid

A couple of weeks ago, Nick Clegg signalled his determination to cut the taxes of the lowest-paid — now Lib Dem chief secretary to the treasury Danny Alexander is pressing for the tax-rise that would enable the Coalition to get on with it.

Here’s how the Telegraph reports it:

Danny Alexander, a Liberal Democrat Cabinet minister, says the better-off are receiving overly-generous tax relief when they invest money for their retirement. Mr Alexander’s proposals would see tax relief halve from 40 per cent to 20 per cent. He also wants workers on the minimum wage, who earn up to

Posted in News | Also tagged and | 8 Comments

Lib Dems put pension tax breaks for the richest under scrutiny again

Liberal Democrat pressure in the coalition government has already secured significant reductions in the tax breaks for the very richest. However, these tax breaks are still sufficiently generous that there is the scope for raising plenty more money without introducing punitive tax rates.

For example, restricting the tax relief on pension contributions to 20% (the standard rate for most people) rather than the current 40% for those earning over £100,000 would raise over £3.5 billion more each year. Last year, in a clear sign of the way in which senior Liberal Democrats are thinking, David Laws asked a series of Parliamentary …

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97% of Lib Dem members back Nick’s call for raising income tax allowance to £10k as immediate priority

Lib Dem Voice has polled our members-only forum to discover what Lib Dem members think of various political issues, the Coalition, and the performance of key party figures. Some 570 party members responded, and we’re publishing the full results.

Overwhelming support for ‘further and faster’ tax-cuts for low-paid

LDV asked: The Coalition is committed to increasing the level at which income tax becomes payable, from its current £7,475 to £10,000 by 2015. The tax-free threshold was expected to rise by about £630 annually. However, in a recent speech Nick Clegg said, “I want the Coalition to go further and faster in delivering the

Posted in LDV Members poll | Also tagged and | 4 Comments

Clegg’s call for income tax cuts for the low paid is welcome, but will the Tories back him?

It’s no secret that Nick Clegg is personally very committed to the Lib Dem – and now coalition – policy of raising the threshold at which people begin to pay income tax. It was one of the first big policies he argued for at conference after becoming leader, and was a key message during the 2010 election campaign. Clegg returned to the theme this morning, though, to call for the implementation of the policy to be speeded up.

Personally I think this intervention is very welcome, not only because the policy is a good and liberal thing in itself, but …

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LibLink: Mark Pack – Nick Clegg turns media weakness into media strength

Over on his work blog, The Voice’s Mark Pack has a post looking at the extremely successful media coverage of Nick Clegg’s speech on tax policy, with the party using the fact that much of the media is still surprised by the idiosyncracies of coalition to our advantage.

Here’s a sample:

In a country used to coalitions, having the leader of one of the parties in government talk about their tax priorities a few months ahead of a budget would not be remarkable. With the British media habits, it had made today’s speech from Nick Clegg to banner news – lead story

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Nick Clegg returns to income tax

Later this morning, Nick Clegg will be giving a speech to the Resolution Foundation (word cloud here) in which, after recent talk about wealth taxes, he is returning to the topic of income tax cuts. More specifically, speeding up the progress towards a basic income tax allowance of £10,000 whilst keeping the 50p rate.

This is of course closely linked to wealth taxes as they are a way to raise the funds to pay for the income tax cuts.

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Ian Swales MP writes: 12 CUTS Labour don’t talk about

The Labour party think they can win the economic argument by just wailing about cuts on behalf of their public sector union paymasters. They give no credible alternatives for what they would do about Britain’s economic crisis.

What they also like to ignore is some of the changes that are being made towards making this country fairer. Here is a list of cuts WE should be talking about because they are mostly happening through Lib Dem action and pressure.

  • The CUT from £250,000 to £50,000 in the maximum annual pension contribution to receive tax relief – clawing back a staggering £4,000,000,000 (£4bn) that Labour was giving to the rich.
  • The

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LibLink: In defence of the Lib Dems

Yours truly has a post on the New Statesman rolling blog The Staggers, responding to Mehdi Hasan’s rather provocative question, “What’s the point of the Liberal Democrats?”

Hasan pointed out five areas in which the Lib Dems had (in his view) “sacrificed their distinctive beliefs and principles and received little in return.”

I responded with my own 5 points, including:

1) Ask the nearly 1 million low-paid workers who have been lifted out of paying income tax altogether thanks to a Lib Dem manifesto commitment delivered in government. With the prospect of further significant reforms to come to make

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Opinion: “The first £10,000 you earn tax-free”? Not unless we act on National Insurance

At Conference, Danny Alexander repeated his view that the personal allowance for income tax should be raised beyond £10,000, saying:

In the next Parliament, I want us to go further; our aspiration should be that someone working full time on the minimum wage should pay no income tax at all. An income tax threshold of £12,500 – think what that would do to work incentives, think what it would mean for basic fairness. Let’s put that on the front page of our next manifesto.

The idea certainly seems popular within the party. But remarkably absent from these discussions is any mention of National Insurance. The very first point in our 2010 manifesto was “the first £10,000 you earn tax-free” but, while it later clarified it meant income tax (IT), it’s hard to see why the parallel income tax that is National Insurance (NI) should be treated any differently.

Posted in Op-eds | Also tagged and | 24 Comments

LibLink: Nick Thornsby – A simple change to the tax system could ease Britain’s economic woes

Over on Comment is free, Nick Thornsby is arguing for income tax cuts:

Political leaders in the eurozone must sort out their problems – and there is finally some hope on that front. When it comes to inflation, while George Osborne’s options to tackle the problem itself may be limited, he can certainly take action to negate its effects on the people on whom it impacts most severely. One of the most effective things he could do is to let those on low and middle incomes keep more of the money they earn. The coalition agreement already commits the government to

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Danny Alexander: £900m to fight tax avoidance and evasion

Sunday lunchtime saw Chief Secretary to the Treasury Danny Alexander address Liberal Democrat conference. The packed nature of the hall, the fullest it had been so far save for the rally on Saturday night, reflects both the importance of Danny’s role and the interest from many members in hearing direct from him.

What’s really happening with the cuts? How much is fairness figuring? And can Danny present the message successfully? Not being David Laws is a burden that has hung over his early days in office and this speech was his opportunity to establish himself in party eyes as his own …

Posted in Conference | Also tagged , and | 31 Comments

Tax cuts vs Public spending: Danny Alexander’s comments flag up the Coalition arguments to come

I’ve been critical these past few weeks of the news media’s obsessional search to put a cigarette paper between Coalition politicians: mostly these have been the product of journalists’ desperation to fill space.

But today’s interview in the Observer with Lib Dem chief secretary to the treasury Danny Alexander is, I think, significant for the future of the Lib/Con partnership.

… Alexander makes clear that total tax revenue will have to remain at least at current levels throughout the parliament to put the nation’s finances back in order.

“I think the tax burden is necessary as a significant contribution to

Posted in Op-eds | Also tagged , and | 21 Comments

Tory tax priorities: spend £6 billion on the wealthiest 0.8% in the UK

Small wonder that Tory leader David Cameron publicly rowed back on his inheritaance tax cut for millionaires in last week’s televised debate – Lib Dem research released today shows the Tories’ promise would:

  • cost £6bn over the course of the next Parliament;
  • is aimed at the wealthiest 0.8% of estates in the UK; and
  • would benefit 3,000 of the wealthiest estates in the country every year by almost £250,000

As Vince Cable points out:

At a time when the gap between the richest and poorest is so great, it beggars belief that David Cameron wants to give the

Posted in General Election | Also tagged , and | 5 Comments
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