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Petition Tag - child tax credits
According to our new Deputy Prime Minister the current benefits system which Labour introduced is “madness”. The current system entitles families earning up to £60,000 a year to benefit handouts and needs a shake up as it entitles 90 per cent of families to tax credit, this is fair enough but don’t make everyone suffer, there is being reasonable and then there is being dam right stupid.
Although both the Tories and Liberal Democrats went into the election pledging reductions in tax credits, the Coalition want to go much further, cutting all payments to families with a combined income of more than £30k Gross per annum. The coalition policy would save about £1.3billion a year, but about 2.million families would be cut off.
Combined with the planned rise in VAT to 20% and possibly a rise in National insurance or tax how do they expect the working people to survive? I urge you please support this petition to stop Family Tax credits being pillaged and to support the earnings threshold to be reviewed and set at a more realistic figure.
The coalition Government has this week announced that the cuts to be announced in the budget on 22nd June 2010 are going to affect each and every one of us. The child trust fund has already been reduced from August and then abolished altogether from 2011 but now families with children are likely to be hit again - this time in the form of child benefit and child tax credit cuts.
Working families with young children are going to be penalised for juggling working life with family life at a time when unemployment is at its highest. With the cost of childcare at an all time high, the loss of child benefit and/or child tax credits is going to have a major impact on ALL families of children under 18 years of age.
This Government, like all others, is not thinking of those who earn a low or modest wage. Instead, those already struggling with the every day bills are going to be put into further financial turmoil.
If cuts are made to families in this way, there will be no generations of the future and unemployment levels will continue to soar with people unable to afford child care costs.
Meanwhile, celebrities are being paid ridiculous sums of money out of tax payers' pockets to appear in Goverment ad campaigns: http://www.dailymail.co.uk/news/article-1252607/Celebrities-paid-325-000-appear-Government-ad-campaigns.html
I intend on sending this to 10 Downing Street in the days preceding the 2010 budget in a couple of weeks time.