
Labour is looking at proposals to hit taxpayers with a ?250 tax rise ? the equivalent of adding 2p to the basic rate of income tax ? if it wins the next election in 2015.
The party?s equalities spokesman Kate Green revealed that it could reject George Osborne?s austerity plan ? which is three parts cuts to one part tax increases ? in favour of a 50-50 split, which would send taxes soaring.
Miss Green said: ?The choices are about how you allocate the spending cuts and tax increases and I think that is seriously unbalanced under this Government.?
Asked about Labour?s plans, she said ?plenty of proposals? were being looked at but indicated a 50-50 split would be fairer.
Labour is still officially committed to plans drawn up by former chancellor Alistair Darling which would call for ?67billion of savings in 2014-15. A 50-50 split would mean tax rises of ?33.5billion.
Link: http://www.dailymail.co.uk/news/arti...=feeds-newsxml



So if you earn ?300 you only get ?75

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