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On we go this is going to be a long one.
The Economy:Tax,Budget,&Reguation.
I can not write it word for word it would take to long.
Britain,s economy is being suffocated by high taxation,excessive EU regulation ,overgenerous wefare and punitive bureaucracy.
Meanwhile,the recession has seen the economy shrink.
Did you know that the current tac code is more than 10.000pages long and requires simplification.
There are nearly eight million people or one in every four UK workers-employed in "Education,Health and Public Administration.
(1) UKIP will Take all minimum wage earners out of the tax by raising the tax threshold to £11.500,encouraging many to work.
(2)Introduce a flat tax which will make all taxpayers better off and take a further 4.5 million lower paid workers out of income tax altogether.The flat tax will merge existing income tax bands and Employees "National Insurance contributionsinto a single rate of 31% staring at the £11.500 threshold.
Pension income below the higher-rate tax threshold will stay at 20%.
(3)Stimulate job creation by phasing out Employers "National Insurance over a five year period.
The revenue will be recouped either as PAYE tax,sales tax revenue,or by the reduced need for State welfare.
UKIP recognise the dangerous levels of national debt and accept there is no alternative to major cuts in government spending.
And believe there is substantial waste and inefficiency that can be eliminated while vital front line services remain fully protected.
UKIP also believes profligate government spending is killing off the productive activity that provides tax funds.
UKIP aim is to redurce the public sector to the size it was in 1997,cutting many unnecessary quangos and non-jobs over five years.
there is still alot more to come on this policy so more tomorrow night. Thank you VIC m