The Guardian reports that "a LibDem commission" has rethought the party's package of tax proposals and, without changing the overall tax take, have proposed a basic rate income tax cut of 4 pence in the pound.
The proposals will be presented to activists for approval at the autumn conference, along with Treasury spokesman Vince Cable's six-point plan to increase the amount of tax paid by the super-rich. "We are committed to fairer, greener, not higher taxes. We are calling for affordable cuts for hard-working middle and low income families," said a party source.
"Party source" is busy again. It is very frustrating to only get part of the package publicised at this stage. On its own this could be complete fiscal jibberish. We will just have to trust Statler and Waldorf for the moment.