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IFS say Tories ARE Targeting Your Tax Credits

Posted: Mon, 03 May 2010 11:45

Despite attempts to hide the true nature of their plans the Independent body the IFS has confirmed what we knew all along - Tax Credits for hard working middle income families are facing cuts under Tory plans.

“The IFS criticised David Cameron’s claims on tax credits as 'incomplete at best and misleading at worst'. As he well knows, the facts show that to raise the £400 millions he’s pledged, he will be taking tax credits from families on total household incomes of £31,000 – not £50,000 as he has tried to claim. That’s a family of two earners on £16,000 each. Contrary to what David Cameron thinks, these people are not well off. With four days to go before the election, he’s got to admit that 1.3 million households on modest and middle incomes will lose up to £10 a week if he gets into office.”

Andy Reed said: "I find on the doorstep that families like this are sruggling to make ends meet. You can't just take money off them as the Tories do without it having a massive impact on their quality of life.

"What has been worse is the Tories attempts to pretend this is all a Labour scare. Like so many of their policies they don't want you to know the facts and consequences. They want to hide behind a David Cameron Smile and a vague slogan"

http://www2.labour.org.uk/cameron-hiding-true-impact-of-child-tax-credit-cuts,2010-05-03

Tags: And Reed, Election 2010, Loughborough, Tax Credits