56,000 people in Newport will benefit from Liberal Democrat tax plans

8.45.02pm GMT Sun 6th Dec 2009

The Liberal Democrats have unveiled radical new tax plans to help millions of people across the country.

The party's new tax plans will see tax cuts for millions of people, paid for by closing tax loopholes, making polluters pay and introducing a 'mansion tax' on homes worth over £2million.

Ed Townsend Lib Dem Deputy Leader of Newport City Council said: '"These are ambitious plans which will mean that up to 11,000 people on the lowest incomes in Newport pay no tax at all.

"In addition to this, a further 45,000 people in the City will save £700 a year - giving them an extra £60 a month in their pay packets. The vast majority of taxpayers in Newport will benefit from our fair tax plans."

Speaking on the need for a fairer based tax system, Ed continued: "This will help more people who are feeling the pinch at the moment to get by - and boost the economy by making sure ordinary hard-working people are better off.

'It is time for a more fair and simple tax system - and it is clear that the Liberal Democrats are the only party with the plans to do this.'