In Government, the Liberal Democrats achieved our number one pledge of cutting tax for millions of low and middle come earners, whilst lifting the lowest paid workers completely out of paying tax altogether.
That is how a Government ensures that work pays.
In Government, we also fought to give Wales the power to vary Income Tax if it so wishes. I am pleased that this will now be taken forward.
Too often, and maybe this sums up the mentality of the political bubble in Cardiff Bay, this has been described as being given ‘tax raising powers’
That’s not how I see it.
I want to make clear today that, in Government, the Welsh Liberal Democrats want to cut Income Tax for Basic Rate tax payers
Our conference has already asked our policy committee to bring forward costed proposals to reduce the basic rate of income tax from 20% to 19% to relieve the tax burden on those paying the basic rate of tax – at today’s levels, those earning between £10,600 and just over £42,000 a year.
We have already seen that the Tories will prioritise tax cuts for the best off. I suspect Labour and Plaid will be content, as they usually are, to defend the status quo.
The Welsh Liberal Democrats will prioritise tax cuts for the ordinary workers in Wales.
This would be a clear statement that it pays to work in Wales, that we’re a competitive nation, and we’re ready to reward hard work.