MP questions tax cut for big earners
SOUTH Wales MP Jonathan Edwards has challenged the Government over plans to cut the top rate of tax for higher earners.
Chancellor George Osborne controversially announced a cut in the 50p top rate of income tax in his March Budget.
In a debate, Mr Edwards said he did not buy into the idea that the "tax cut will make those avoiding the 50 per cent rate choose to contribute to society by paying at the 45 per cent rate."
"What the Treasury should be doing . . . is closing down all the clearly aggressive tax avoidance schemes," Mr Edwards said.
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"This tax cut for the mega-rich leaves a bitter taste in the mouth."
He said public sector workers in his constituency faced pension changes, meaning they have to pay more in, and get less out and that living standards for private sector workers were being squeezed.
"It is not acceptable that we are in a society which tells those at the bottom that they have a culture of entitlement, while those at the top get huge and unnecessary tax cuts."