Nick Clegg pushes for increased Workers' Bonus for low and middle earners
Originally published by UK Liberal Democrats
Liberal Democrat Leader and Deputy Prime Minister Nick Clegg has said that he would like to see next week's budget include as big a tax cut as possible for low and middle earners on top of tax cuts already promised.
Nick described the break as a "light at the end of the tunnel" for workers who have helped rebuild Britain's economy.
From April, the amount workers earn before paying income tax was already set to rise to £10,600.
Liberal Democrats in government are delivering an £800 tax cut for 25m workers. Raising the personal tax allowance to £10,000 was on the front page of our 2010 manifesto. The Conservatives said the ambition was "a nice idea" but "not affordable."
Nick is now pushing for the government to cut taxes further.
In a newspaper interview Nick said:
"The main thing the government can do is just take less of your money away from you. I very much want to give the biggest possible Workers' Bonus to millions of people on middle and low incomes.
"It's a source of huge pride to me that despite being told by David Cameron in the leaders' debates back in 2010 that it wasn't possible to raise the tax free allowance up to £10,000, we've already gone way beyond that. And I think we can go further still.
"I don't think anybody should be surprised that the centrepiece preoccupation for me has been tax allowance, tax allowance, tax allowance, tax allowance.
"Because it's great that there are more in work than ever before, it's great there are more women in work than ever before, it's great youth unemployment is lower than ever before, it's great that our growth rate is higher than most other equivalent economies.
"But a lot of people don't feel it as fully as they deserve to until they see the difference in their pay packets."
Liberal Democrats are the party of fair tax, that's why one of our key priorities for the next five years is to cut taxes by an extra £400.
Under our manifesto plans we will raise the tax free allowance to £12,500 in the next parliament.
Nick said that the money would come from taxes on the wealthy.