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LABOUR’S EMILY BROTHERS CHALLENGES COALITION OPPONENTS OVER TAX CUT FOR MILLIONAIRES
MONDAY 10 NOVEMBER 2014

Labour’s Parliamentary Candidate for Sutton and Cheam, Emily Brothers has challenged Paul Burstow (Liberal Democrat) and Paul Scully (Conservative) over their support for the coalition’s £3 billion tax cut for the top one per cent of earners. Ms Brothers spoke out about the tax cuts following Paul Burstow’s vote on 05/11/14 against Labour’s motion to over turn the Coalition’s tax cuts for millionaires which are worth an average of £100,000 for those earning more than £1 million.
Labour has pledged to overturn the £3 billion a year tax cut for people earning over £150,000 as part of its plan to balance the books in a fairer way in the next parliament.
Labour Candidate, Emily Brothers said:
“While millions of working people have seen their taxes go up, millionaires have been given a huge tax cut by Paul Burstow’s supported government.
“The top one per cent of earners have been given a £3 billion a year tax cut – worth an average of £100,000 for those earning over £1 million. Yet at the same time families will be on average almost £1,000 a year worse off by next year as a result of tax and benefit changes since 2010.
“How can ‘the two peas in a pod’ Paul Burstow and Paul Scully support a tax cut for millionaires when working people are still not feeling the recovery and the deficit remains high?
“As Paul Burstow has reinforced his position by voting against tax cuts for millionaires, I suspect he’ll now join Tory allies in cutting tax credits again for millions of working families while keeping their huge tax cut for top one per cent of earners. As we’ve seen time and time again, the coalition always stands up for a privileged few rather than hard working people.”

Labour used an Opposition Day debate in the House of Commons on 05/11/14 to highlight the unfairness of giving a £3 billion a year tax cut to people earning over £150,000, while working people are still seeing their living standards fall and not feeling the recovery.
The average British household will be £974 a year worse off by 2015 because of tax and benefit changes introduced since 2010, according to figures from the independent Institute for Fiscal Studies.
Conservative and Liberal Democrat MP’s last week voted to retain the millionaires’ tax cut, as they have done on several previous occasions over the last two years.
During the Commons debate Conservative Treasury minister David Gauke refused to rule out another cut in the top rate of income tax, from 45p to 40p, for people earning more than £150,000 per year.

Chris Leslie MP, Labour’s shadow Chief Secretary to the Treasury, said:
“Yet again a Tory Treasury minister has failed to rule out another top rate tax for the top one per cent of earners. It is time for the Tories to come clean on whether they are planning another £3bn giveaway for the richest people.
“Labour has been clear that we will balance the books in the next Parliament in a fairer way. We will reverse the Tory tax cut for millionaires, stop paying the winter fuel allowance to the richest pensioners, raise child benefit by just one per cent for two years and cut ministers’ pay by five per cent.
“We will introduce a lower 10p starting rate of tax for 24 million working people and act to secure a strong and balanced recovery that delivers more good jobs and rising living standards for the many.”

Labour’s Opposition Day motion in the House of Commons ON 05/11/14:
That this House believes it is a mistake to reduce the top rate of income tax at a time when working people, who are on average £1600 a year worse off since 2010, are not feeling the recovery and while the deficit also remains high; notes that figures from the Institute for Fiscal Studies show that by next year households will be on average £974 a year worse because of tax and benefit changes since 2010; believes a fair plan to balance the books would reverse the cut in the top rate of income tax, which is worth £3 billion a year for the top one per cent of earners, for the next Parliament, and introduce a lower 10p starting rate of tax; and calls on the government to rule out a further reduction in the top rate of income tax for earnings over £150,000 a year.
To see the voting record for MPs in this week's debate click here.
To read Chris Leslie's Huffington Post blog on the millionaires' tax cut click here

 

 

 

 

 

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