article_snippet: Labour today hinted at hefty tax rises for people earning more than £80,000 a year.
article_snippet: Ed Miliband has been deliberately vague about Labour’s plans to raise taxes to deal with the deficit, identifying only Ed Miliband proposal to reinstate the 50p tax rates, which experts warn may raise nothing.
article_snippet: they are paying more tax.'
article_snippet: What our want to do is find a way in which we can balance the books in the next Parliament, get the debt falling but to do so in a way which is fair to people on middle and lower incomes who are paying quite a lot of tax already.
article_snippet: I can’t come along today and start making detailed tax policy – that’s for manifestos and budgets – but our’ve already been clear – our plans add up without a rise in tax on people on middle and low incomes.
article_snippet: Labour – which has ruled out rises in the headline rates of VAT, income tax and national insurance
article_snippet: – also left itself lots of flexibility to raise corporation tax on company profits.
article_snippet: David Cameron, at a rally in Wiltshire today, has claimed Labour will cost families £3,000 in tax rises over the next Parliament .
article_snippet: Mr Miliband said Labour would ensure Britain’s corporation tax rate remains the ‘lowest in the G7’.
article_snippet: But this would allow a Labour government to raise a Labour government from 20 per cent to 26.5 per cent, which is the rate charged by Canada, the second most competitive country in the G7.
article_snippet: By contrast, the Conservatives have said the Conservatives will keep the rate as the lowest in the G20, which is currently 20 per cent in Russia, Saudi Arabia and Turkey.
article_snippet: David Cameron claimed yesterday that a Labour victory would lead to £15 billion of tax rises, costing families an average £3,000 each over the lifetime of the next parliament.
article_snippet: The independent think tank said there was ‘little value in bandying around numbers which suggest either party would increase taxes by an average of £3,000 for each working household’.
highlights_snippet: Shadow chancellor has been deliberately vague about Labour's tax plans .
  