Ed Miliband has called for the 10p rate of income tax to be brought back.
The Labour leader insisted reintroducing the band - controversially scrapped by Gordon Brown - would make society fairer.
He said the move could be funded by a new "mansion tax" on homes worth more than £2 million.
Ed Miliband has turned political cross-dressing into an art form and has now laid claim to the party's reputation for cutting taxes.
Labour have unveiled two big economic ideas today, neither of them is particularly new and neither of them is particularly effective.
Ed Miliband and his shadow chancellor Ed Balls couldn't have been clearer. Scrapping the 10p rate of tax was a very, very bad mistake.