Another senior Tory has joined the party's growing backbench revolt over proposed rises in Capital Gains Tax (CGT), warning it risked "punishing the virtuous" and "destroying aspiration".
Former shadow home secretary David Davis argued such a move may not even raise more money, citing evidence from the US which shows a rate cut actually boosts public coffers.
His comments come amid fears the new coalition Government could raise the current 18% levy on certain windfalls such as share and second home sales to the same level as income tax - up to 40% and 50%.
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