Michael Mullaney welcomes Income Tax Cut for 47,000 local workers
October 22, 2014 11:41 AM
Originally published by East Midlands Liberal Democrats
Originally published by East Midlands Liberal Democrats
Local Liberal Democrat Councillor and Parliamentary candidate Michael Mullaney has welcomed news that Income Tax cuts that will benefit 47,000 workers in Hinckley and Bosworth.
Michael Mullaney used a debate at the Liberal Democrat Party conference to highlight the 10,000s of local workers who from next year will have had an £800 Income Tax cut. This is due to raising the Income Tax threshold so that no one pays Income Tax on earnings up to £10,500
Michael's speech can be seen here
Cllr Mullaney said "I welcome this, but want to go even further. Our plans are to raise the Income Tax threshold to £12,500 which would save the average worker £1,200 a year.
"At this time when many people are struggling, raising the Income Tax threshold, taking many low paid workers out of Income Tax altogether and giving other workers a big Income Tax cut is the fair way to cut tax and to make work pay"