Chancellor George Osborne has declined to rule out cutting the top rate of income tax rate from 45p to 40p if the Tories win the General Election.
Speaking to Sky's Dermot Murnaghan, Mr Osborne insisted that it is not a priority for the Conservative Party, and the "big tax commitments" for the next parliament were further raising the tax-free personal allowance and raising thresholds so only those earning £50,000 or more would pay the higher 40p rate.
"If that was our priority or our plan we would have made it part of our plan and made it one of our priorities.
"Judge us by what we want to do and what we want to do is increase the tax-free personal allowance to £12,500 so people full-time on the minimum wage don't have to pay income tax and millions are better off."
The personal tax allowance would rise to £12,500 under the Lib Dems, funded by a crackdown on tax dodgers, leader Nick Clegg has revealed.
Millions of households would be better off under a Tory government, David Cameron will claim today as he hails "money-back Monday".
A Conservative government would aim to double the number of first-time buyers by 2020, the Chancellor has declared.