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 £2m.
Nick Clegg said: “If you want to know how committed a government is to fairness then look at its tax system.
“Gordon Brown has created a tax regime that forces some of the lowest earners in society to pay hundreds of pounds in tax they can’t afford, while polluters and rich tax dodgers avoid paying their fair share.
“Under our plans people won’t pay a penny on the first ten thousand pounds they earn. That would put £700 back in the pockets of the vast majority of tax payers, and take millions of people on low pay out of paying income tax altogether. "
I think these plans are by far the most radical and far reaching tax reform in a generation. They represent everything the Liberal Democrats stand for: fairness, protecting the environment, rewarding hard work.