Liberal Democrat Councillors call for Tax cuts
March 20, 2012 7:09 AM
Liberal Democrat councillors are presenting a motion to the next meeting of Hinckley and Bosworth Borough Council calling on the government to speed up plans to cut Income Tax.
The government's Coalition agreement included a pledge to make the first £10,000 people earn Income Tax free. The aim is to complete this by 2015.
Liberal Democrat Cllr Michael Mullaney has submitted a motion to the council which calls upon the Council to write to the Chancellor George Osborne calling on him to speed up the tax cut.
Michael Mullaney said "During these tough economic times people need a tax break. Liberal Democrats here in Hinckley and Bosworth realise this and that's why last month we froze Council Tax.
"Raising the Income Tax threshold to £10,000 will give a tax cut to people on middle and low incomes here in Hinckley and Bosworth, and would mean several thousand of the lowest paid workers in our area paying no Income Tax at all. This would be a great way to reward work and make work pay.
"I speak to people in Hinckley who have not had pay rises for two, three, even four years because of these tough times. Cutting Income Tax will be the only way these workers will get more money in their pockets.
"Raising the Income Tax threshold to £10,000 would mean a £700 Income Tax cut for ordinary families.
"I hope all councillors will unite and support this motion."