Adrian Ramsay and Carla Denyer’s party wants to tax “multimillionaires and billionaires” to fund improvements to the housing, transportation, health care, and green economy sectors.
Mr. Ramsay stated that he wished to break the “conspiracy of silence” on taxes by instituting a “fairer system” that would require those “with the broadest shoulders to pay more” prior to the official manifesto launch in Brighton, where the party hopes to elect a new Green MP after former leader Caroline Lucas left.
The Institute for Fiscal Studies (IFS), which has charged that the two major parties are not being honest about the difficult budget decisions that lie ahead, used wording that the co-leader of the Green Party repeated.
Sir Keir Starmer and Rishi Sunak, he claimed, “would rather hide their plans for cuts to public services than confront the need for a fairer tax system that asks those with the broadest shoulders to pay more”.
According to its proposed tax revisions, existing prices would raise between £50 billion and £70 billion annually.
Individual taxpayers with holdings over £10 million would reportedly be subject to a wealth tax of 1% and those with assets over £1 billion, of 2% annually.
Additionally, the party thinks that any income exceeding should be subject to the standard 8% national insurance rate.
