Via Share The Facts:
While Labour and the Lib Dems have confirmed they will raise taxes, we’re committed to cutting income tax and rewarding hard work.
Income tax cuts are a key part of our long-term economic plan – to help taxpayers keep more of their hard-earned money and be more financially secure.
In this Parliament, we’ve halved the deficit as a percentage of GDP and cut taxes at the same time – proving that tax cuts and a stronger economy can go hand in hand.
In the next Parliament, we’ll do the same – with our five commitments to reward hard work:
- Cut income tax for 30 million people and take everyone who earns less than £12,500 out of income tax altogether
- Back aspiration by raising the 40p tax threshold – so that no one earning less than £50,000 pays it
- Deliver tax free childcare and a tax cut for married couples – to help families get on in life
- Keep taxes low for working people and their families by continuing to cut the deficit and live within our means
- Ensure that those who can afford it pay the most in tax, and continue to crack down on tax avoidance and tax evasion