Opposition Day — Tax Fairness — 12 Mar 2013 at 15:45

The majority of MPs voted to note a number of elements of the Coalition Government's tax policies.

The motion approved by the majority of MPs was:

• That this House
• notes that this Coalition Government has cut income tax for 25 million people, taking over 2.2 million low income individuals out of income tax altogether, while at the same time increasing taxes on the wealthy, including raising stamp duty on expensive properties and restricting tax reliefs;
• further notes that both parts of the Coalition continue to support tax cuts for people on low and middle incomes;
• notes that the part of the Coalition led by the Deputy Prime Minister also advocates a mansion tax on properties worth more than £2 million, as set out in his party’s manifesto, and the part of the Coalition led by the Prime Minister does not advocate a mansion tax; and
• further notes that the top rate of income tax will be higher under this Government than under any year of the previous administration and that the rich are now paying a higher percentage of income tax than at any time under the previous administration, demonstrating that it presided over an unfair tax system where the rich paid less and the poor paid more in tax than now, meaning nobody will trust the Opposition’s promises on tax fairness.’.

This motion contains no active element; it merely notes a series of things and proposes no action.

Debate in Parliament | Source |