Equalise capital gains tax with employment income The money is there. The minimum we expect from the Labour Chancellor is to equalise capital gains tax. So that capital gains are taxed at the same rate as employment income. This one move alone would raise £14 billion for the government. Which could be spent on say, reinstating the winter fuel payment for 10 million pensioners. Or lifting children out of poverty by abolishing the child benefit cap. And we have £9 billion to spend on our cash strapped NHS and councils. It’s those kind of [Labour and Conservative] political choices that put people into poverty. Fairer, greener taxes would tax wealth rather than poverty.