article_snippet.sent: The number of people paying 40p tax has already risen from about 2million to 5million in two decades, but the Tories have promised to lift the threshold if the Tories are returned to power.
article_snippet.sent: The number of people paying 40p tax has already risen by about two million to five million in two decades .
article_snippet.sent: It is part of Labour's £3,000 tax rise for working families. '
article_snippet.sent: By contrast, the Conservative plan is to increase to £50,000 the threshold at which people pay the higher rate of tax.
article_snippet.sent: David Cameron has warned the 40p tax rate is hitting too many people on 'middle incomes'.
article_snippet.sent: The Conservatives go into the election pledging to raise the threshold for paying 40p tax from £41,865 to £50,000 by 2020. 
article_snippet.sent: A Labour spokesman said: 'Under the Tories around 2 million more people have been dragged into the 40p tax band, but Labour supported the increases in the 40p threshold in the recent Budget. '
highlights_snippet.sent: the Tories promise to raise threshold from £41,865 to £50,000 by 2020 .
  