Brown's tax grab is hurting millions say Lib Dems
April 21, 2008 12:00 AM
Commenting ahead of the second reading of the Finance Bill, Liberal Democrat Shadow Chancellor, Vince Cable said:
"The doubling of the 10p rate of tax is a £7bn tax grab from some of the poorest in society.
"The Government can try and dress this tax rise up as much as it wants. However, the fact remains that millions of low paid people are now paying more tax.
"The belated conversion of Labour backbenchers to oppose this tax rise is welcome, but it does raise questions of where were they on this issues last year.
"We have been arguing against this punitive tax measure for over 12 months, but it is only at the 11th hour that Labour MP's have decided to join us.
"Cuts in the basic rate of tax are welcome but this cannot be at the expense of those on very low incomes."
Commenting on Alistair Darling's interview today on Sunday AM, where he ruled out a rethink on the axing of the 10p tax rate but said he'd try to return in future Budgets to help those hit by the move, Liberal Democrat Shadow Chancellor, Vince Cable said:
"This is a meaningless commitment and doesn't address the fundamental criticisms that have been made."
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