Tax Relief Cap
EDM number 296 in 2009-10, proposed by Harry Cohen on 30/11/2009.
Categorised under the topic of Taxation.
That this House supports the proposal of the Trades Union Congress (TUC) that the amount of tax relief that can be claimed by those earning more than £100,000 a year be capped at £5,000; notes that this would raise £10 billion a year; further notes the recent TUC analysis which revealed that just 3.1 per cent. of the taxpayer population receive 31 per cent. of all tax relief, averaging £18,750 a year each; and considers that this tax relief cap on the better off is a fairer way to reduce the deficit than cuts in public services or tax rises affecting poorer households.
This motion has been signed by a total of 35 MPs, 1 of these signatures have been withdrawn.
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