Why are we taxing our top earners at 45% when the rest of the world manages just 35%? That’s ten points higher than our peers, and all it does is punish success and chase investment offshore. If we really want jobs and growth, we’ve got to stop this politics of envy and bring our rate down to match the rest of the world.
The numbers behind the demand
Previous
45%
Tax rate when demanded
Right now
35%
Current tax rate
— delivered
What voters want
≤ 35%
Cut the rate to no higher than 35%
🎉 Delivered on Oct. 3, 2022 via the budget that passed.
Next election on 2 October 2025 (in 9 months).
Pledges (1)
Cashmen
pledged Jan. 3, 2022
Delivered
“My plan is to drop rates to 40% accross the board. for one year then after one year we will drop another 1.25% over the court of 4-5 years. this will take some time but shouldnt hurt the economy”