Chancellor George Osborne is set to hail what he says is "the biggest reduction of business and personal tax in two decades".
As a raft of tax changes take effect, he will say stability and confidence are returning to the economy.
And he will herald measures encouraging people to seek work, including a scheme requiring the long-term jobless to carry out tasks for their benefits.
Labour claims Mr Osborne has already made households £900 a year worse off.
This week, the amount of money people will be able to receive without paying income tax on it rises to £10,000.
Corporation tax is being reduced to 21%, alongside cuts to employers' National Insurance contributions and changes to business rates.
'Creating jobs'In a speech in Essex, the chancellor will describe the tax cuts as the "biggest for a generation".
End Quote Chris Leslie Shadow Treasury SecretaryWhile millionaires have been given a huge tax cut, millions of hard-working people have seen their taxes go up."
He will highlight the rise in the personal tax allowance from £6,500 to £10,000 since May 2010, enabling people to keep £700 more of their income.
"These are the biggest cuts to personal and business taxes for two decades... this week you will keep more of the money you earn.
"This week your business can keep more of the money it makes, so you can invest, expand and create new jobs."
And while he will say employment is growing three times faster than any recovery on record, he will add that "it's no good creating jobs if we're also paying people to stay on welfare".
He will claim the government "inherited a welfare system that didn't work" and that "people were just parked on benefits".
"Frankly, there was not enough pressure to get a job. Some people could just sign on and get almost as much money staying at home as going out to work," he is expected to say.
His Help to Work scheme comes into force this month and will mean those who have been out of work for three years or more face losing their benefits if they do not undertake tasks such as clearing litter and graffiti or attending a job centre every day.
'Taxes up'Mr Osborne will add that the government was "backing businesses by cutting their taxes so they can create jobs, cutting the tax on hard-working people so their job pays, and holding back welfare rises and imposing more conditions on those claiming the dole, so that getting a job pays more".
In the Budget earlier this month, Mr Osborne froze fuel duty until next year, reduced duty on beer and promised a tax-free childcare subsidy of up to £2,000 if the Conservatives win the next election.
But shadow treasury chief secretary Chris Leslie said working people were facing a "cost of living crisis" and that the chancellor was "giving with one hand but taking away much more with the other".
"While millionaires have been given a huge tax cut, millions of hard-working people have seen their taxes go up.
"There have been 24 Tory tax rises, including the VAT hike which has cost families with children an average of £1,350 over the last three years.
"Labour would deal with the cost-of-living crisis by freezing energy bills, cutting business rates for small firms and expanding free childcare for working parents."
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