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He also wants to gradually repeal the estate and gift tax, reduce the marriage penalty and double the child tax credit.
The proposal would also repeal the estate tax, reduce the taxes of some married couples, and double the child credit to $1,000 per child from $500.
The new revenue could be used to lower payroll taxes, extend the George W. Bush tax cuts, repeal the alternative minimum tax, reduce the budget deficit, prevent military cuts or a combination of all of these.
Bayrou says he would raise minimum pensions and reduce wealth tax, reduce agricultural subsidies 'which are murdering African countries', increase overtime pay to disband the 35-hour working week and allow gay couples to adopt children.
He encouraged councils to recover more uncollected council tax, reduce fraud and use their reserves.
"Councils can do more to recover the £2bn a year of uncollected council tax, reduce the £2bn lost to fraud and error and use £19bn of reserves".
Similar(50)
Income tax reduces the incentive to work.
Corporation tax reduces the incentive to invest.
For our new entrepreneurs – employees' tax reduced.
Starting rate of corporation tax reduced from 10% to zero.
Nearly two-thirds would like to see inheritance tax reduced.
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CEO of Professional Science Editing for Scientists @ prosciediting.com