Tory peer Norman Tebbitt praises Lib Dem tax policy
January 15, 2010 7:07 PM
Norman Tebbitt (now Lord Tebbitt) has written in praise of Lib Dem tax policy...
"And I hate to say it, but only one party leader seems to have grasped that, if you construct a system where unskilled people are worse off by taking a job than by staying on welfare, they remain trapped in poverty - and that is Nick Clegg. Lord knows, Frank Field and Iain Duncan Smith spelled it out in words and figures that only a simpleton could fail to understand, but the two main parties are unwilling to bite on the bullet and commit themseves to raising the income tax threshold from £6,475 to something like £10,000 or £12,000.
It is madness to claim that people so poor that they need welfare payments are at the same time sufficiently well-off to pay income tax."
To read his whole piece see http://blogs.telegraph.co.uk/news/normantebbit/100022127/why-wont-the-two-main-parties-do-anything-about-the-madness-of-taxing-the-poor/
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