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Peter Black and South Wales West Liberal DemocratsRepresenting Aberavon, Bridgend, Gower, Neath, Ogmore, Port Talbot, and Swansea |
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Over 56,000 local people will benefit from Liberal Democrat tax plans
December 1, 2009 12:00 AM
Radical new tax plans drawn up by the Liberal Democrats will take 11,400 people in the Bridgend area out of tax altogether, whilst 45,030 taxpayers will be £700 a year better off, the Welsh Liberal Democrat Assembly Member for South Wales West, Peter Black, has revealed.
The party's new tax plans will see tax cuts for millions of people, paid for by closing tax loopholes, making polluters pay and introducing a 'mansion tax' on homes worth over £2 million.
Calculations carried out by the Welsh Liberal Democrats have found that there are 11,400 people in Bridgend who currently earn less than £10,000 a year and who will no longer pay tax under the tax plans unveiled by Nick Clegg yesterday.
In addition there are nearly 45,030 taxpayers who earn less than £100,000 a year who will save £700 a year, giving them an extra £60 a month in their pay packets.
Commenting on the figure, Peter Black said: 'These are ambitious plans which will help many low paid workers. The vast majority of taxpayers in Bridgend will benefit from the Liberal Democrats' fair tax plans."
"This will help more people who are feeling the pinch at the moment to get by - and boost the economy by making sure ordinary hard-working people are better off.
'It is time for a more fair and simple tax system - and it is clear that only the Liberal Democrats have plans to do this. These plans mark the Liberal Democrats out as the only party prepared to take practical action to deliver social justice.'
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