Early day motion 2335

INCOME TAX AND THE PERSONAL ALLOWANCE

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Total number of signatures: 11

Bottomley, Peter Brooke, Annette Burt, Lorely George, Andrew
Hancock, Mike Hemming, John Huppert, Julian Leech, John
Williams, Mark Williams, Stephen Wright, Simon

That this House welcomes the commitment of the Coalition Government to increase the personal allowance to 10,000 by 2015; recognises that increases in the personal allowance have already taken hundreds of thousands of the lowest paid taxpayers out of paying income tax altogether and that further increases in the personal allowance will benefit all taxpayers, but benefit the poorest taxpayers significantly more as a proportion of their income; further welcomes the recent increase in the minimum wage to 6.08 for adults over 21 years, which translates into a 228 weekly wage based on a 37.5 hour week, or 11,856 per year; believes that any future reductions in direct taxation should be targeted at the poorest taxpayers rather than the rich; and therefore believes that any further reductions in direct taxation should be throughfurther increases in the personal allowance, with the aim of taking those on the national minimum wage out of paying income tax altogether.

Amendment 2335A1 - INCOME TAX AND THE PERSONAL ALLOWANCE

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