article_snippet.sent: But Lib Dem leader scaled back Lib Dem leader plans for a mansion tax, amid concern a mansion tax could cost the party support in key seats in affluent parts of London.
article_snippet.sent: The Lib Dems would also make changes to the universal credit benefits system and take winter fuel payments and free TV licences away from wealthy pensioners – something the Tories have rejected.
article_snippet.sent: The Conservatives' welfare plans emerged that the Lib Dems have scaled down the amount of money the Lib Dems expect the Lib Dems mansion tax proposal to generate by £700million.
article_snippet.sent: Properties valued at £2 million or more would be subject to the party's so-called 'high value property levy' from 2017-18, which the party say would collect £1 billion - down from the £1.7 billion previously estimated.
article_snippet.sent: Mr Clegg said adopting a 'reasonable and fair' approach to the policy had resulted in the estimated revenue decreasing.
article_snippet.sent: Mr Clegg added the charges proposed 'shouldn't scare the horses' and used the same principle as council tax bands in order to prevent oligarchs who live in mansions paying the same property tax as a family.
article_snippet.sent: The charge would be £2,000 per year or less for properties valued at £2 million to £2.5 million, £3,500 or less if valued at £2.5 million to £3 million, £5,000 per year or less if valued at £3 million to £4 million, and £9,000 per year or less if valued between £4 million and £5 million.
article_snippet.sent: Mr Clegg said: 'It's not fair a family home in Lewisham pays the same property tax as an oligarch in a vast mansion. '