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Tuesday, 20 July 2010 11:26 |
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 I am very concerned about the impact that the Tory-Lib Dem VAT rise will have on local pensioners and the low paid.
Full Value Added Tax is put on most of the goods and services which we all require at exactly the same rate - no matter whether you are an office cleaner or a city banker. It is a highly regressive form of taxation and the decision to put it up to 20% will hit many low income households in Glasgow North hard, especially when combined with extreme public service cuts and welfare cuts. During the General election, barely two and a half months ago, Lib Dems paraded around Glasgow asking for votes to stop the "Tory VAT Bombshell". But they have traded in their principles for places in David Cameron's Government. Now the Lib Dems are hitting the weakest hardest, with their very own 20% VAT tax bombshell. If you share my view that this is the wrong decision, please take a minute to sign our declaration against 20% VAT.
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