Taxation And Social Renewal

EDM number 457 in 1993-94, proposed by Tony Benn on 26/01/1994.

That this House, noting the grossly unfair distribution of wealth in Britain under capitalism and the widening gap between rich and poor that has taken place over the last 15 years and recalling that the present Budget deficit is entirely attributable to tax reductions given to the richest taxpayers, and the cost of unemployment that was deliberately created, is convinced that the burden of military expenditure is far higher than can be justified and that other Government policies have been wasteful and inefficient; believes that the imposition of higher levels of VAT and its extension to fuel imposes a heavy burden on those least able to pay, as do other increases in taxation imposed in the recent Budget; rejects arguments that all reductions in taxation are necessarily desirable regardless of the purpose for which the tax is raised and the social consequences that would follow; affirms that the recovery of full employment, planned defence diversification, the rebuilding of our infrastructure, the extension of essential public services and the regeneration of British industry will require massive public investment, the harnessing of the nation's savings and taxation fairly shared and assessed on the ability to pay; and calls for a clear socialist commitment to be made now, about future economic, fiscal, industrial and social policies to secure these objectives.

This motion has been signed by a total of 54 MPs, 5 of these signatures have been withdrawn.