Conservative Party - 'People enjoy taxes'
- Modern so-called "Conservatism" is really moderate Socialism.
- Since the Conservative Party won the election 1.4 million workers have been dragged into the 40% tax band, which kicks in at £41,450. There are 4.4 million people paying the higher rate, up from 3.02 million when the Coalition came to power and 1.35 million in 1988.
Pressure is mounting on British Conservative Party Chancellor of the Exchequer George Osborne to raise the 40% tax threshold – after he reportedly said that people did not mind paying the higher rate because it made them feel like a 'success'.
The row over the millions of workers being dragged into paying the higher rate of tax threatens to overshadow this week’s Budget, with a string of senior Tories expressing concern.
Business leaders also weighed in yesterday, with the Institute of Directors saying the system was ‘highly damaging to UK plc’ reports the UK Daily Mail.
But the Chancellor is expected to reject their pleas – instead using the Budget to again raise the threshold for basic rate income tax to £10,500.
Yesterday the Chancellor faced extraordinary claims that he told a private meeting of Tory MPs there were ‘advantages’ for the party that more people were being pulled into paying the higher rate.
‘It means they feel they are a success and joining the aspirational classes,’ he was said to have told them.
‘That means they are more likely to think like Conservatives and vote Conservative. If they are paying 40% tax they have a greater interest in cutting government spending because they are paying for it.’
A Treasury source insisted: ‘George did not say people enjoy paying 40%. He was explaining that even though more people are paying a marginal tax rate of 40 per cent, the important thing is that they are paying less tax overall.’
But two MPs from the Conservatives’ 1922 backbench committee who were present at the meeting in Downing Street last month said the account of the meeting was accurate.
One said: ‘He did say it made people feel they were a success. There was a sense of dumbfounded shock around the table.’
Since the election, 1.4 million workers have been dragged into the 40% tax band, which kicks in at £41,450. There are 4.4 million people paying the higher rate, up from 3.02 million when the Coalition came to power and 1.35 million in 1988.
We need to dig up and clone the real Conservatives of the past.
The modern "Conservatives" don't cut it.