Plaid pledges 50% top-rate tax (The Guardian)

[Anarcho-Socialist]

The Welsh nationalist Plaid Cymru today became the last of the major parties to launch its 2005 election manifesto, pledging a 50% tax on earnings over £50,000.

The party also wants to see a "proper parliament" for Wales as a stop-gap measure ahead of its stated aim of independence.

Calling on disillusioned Labour voters in the principality to "lend us your votes", the manifesto also includes a "12-point action plan" to cut waiting lists, the replacement of council tax with local income tax and the introduction of a "citizens' pension".

Plaid hopes its opposition to the war in Iraq - the party's Adam Price has led the campaign to impeach the prime minister - will also gain it support from disaffected Labour voters on polling day.

More at: http://politics.guardian.co.uk/election/story/0,15803,1462530,00.html?gusrc=ticker-103704

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I'm all for progressive taxation, but I think a 50% rate of tax at £50,000 is too high. The Lib Dems £100,000 threshold makes more sense.