10 signatures reached
To: The UK Government
Real Tax Cuts for Ordinary People for Growth
A Windfall Tax on Oil and Gas Companies to fund the Energy Cap, reverse the National Insurance rate rise and remove the Upper Earnings Limit on National Insurance, raise the basic rate tax threshold to £25,000 so that nobody on less than the Real Living Wage pays any tax.
Why is this important?
Current government plans for tax cuts only benefit the rich and will do nothing to create real growth.
The National Insurance rate rise is a tax on workers and employers. The government borrowing to fund the Energy Cap will leave ordinary tax payers to pick up the bill. None of this will create growth nor will it do anything to reduce the cost of living crisis.
Instead we should tax the massive profits of the fuel suppliers like BP who said they are making more money than they know what to do with. Use this to fund the Energy Cap.
To fund the NHS and Care remove the inequality in National Insurance that has always meant the CEO pays less NI, as a percentage of income, than the person that cleans his office. This means removing the Upper Earnings Limit. The extra money raised could allow the return of NI rates to original levels as promised by this Prime Minister and may still create a genuine surplus to fund the NHS.
Finally, if Tax Cuts really do create growth then why not apply that to everyone, not just the highest earners, by doubling the current basic rate tax threshold that Mr Sunak froze so that everyone benefits. Nobody earning less than the Real Living Wage would pay any tax if this was done.
The National Insurance rate rise is a tax on workers and employers. The government borrowing to fund the Energy Cap will leave ordinary tax payers to pick up the bill. None of this will create growth nor will it do anything to reduce the cost of living crisis.
Instead we should tax the massive profits of the fuel suppliers like BP who said they are making more money than they know what to do with. Use this to fund the Energy Cap.
To fund the NHS and Care remove the inequality in National Insurance that has always meant the CEO pays less NI, as a percentage of income, than the person that cleans his office. This means removing the Upper Earnings Limit. The extra money raised could allow the return of NI rates to original levels as promised by this Prime Minister and may still create a genuine surplus to fund the NHS.
Finally, if Tax Cuts really do create growth then why not apply that to everyone, not just the highest earners, by doubling the current basic rate tax threshold that Mr Sunak froze so that everyone benefits. Nobody earning less than the Real Living Wage would pay any tax if this was done.
