Nick Clegg attacks Tory marriage tax plans as 'patronising drivel.'
Nick Clegg said: "The proposal from the Conservatives for tax breaks for marriage are patronising drivel that belong in the Edwardian age. David Cameron clearly has no idea about modern life. Every family is different, and instead of creating rigid rules or special policies that help some families but not others, we need a new approach from government: one that is flexible and doesn't dictate to families how they should live."
George Osborne has announced today a £150-a-year tax break for married couples funded by a levy on banks. Under the proposal, one partner of an eligible couple would be able to transfer £750 in tax allowance to the other to reduce his or her income tax bill. The maximum benefit of £150 a year would be enjoyed by those couples where the main earner takes home between £7,300 and £42,500. But the value of the tax break would be sharply reduced for those on higher incomes, with those earning more than £44,000 ineligible.
Alistair Stevens says: "We will cut taxes for all working families on low and middle incomes, not just a select few. Modern families come in all shapes and sizes. One-size fits all policies like tax breaks for married couples are just not right for our times. We will cut taxes for all working families on low and middle incomes, not just a select few."
"Millions of families are struggling to make ends meet and are worried about how they will pay their bills. Liberal Democrats will make our tax and benefits system fairer, so that all families can afford to get by. We have plans for the most radical, far-reaching tax reforms in a generation. There will be no income tax on the first £10,000 you earn - this will put £700 back into the pockets of millions of people on low and middle incomes, and free 3.6m more from having to pay any income tax at all. Most pensioners will get around £100 extra, on top of better pensions with the earnings link restored. The tax change will be paid for by introducing a mansion tax on properties worth over £2m, closing loopholes that benefit the wealthy and making sure airlines pay for the damage they cause."