Complex sentence: At the Conservative Party Conference of 1966 she criticised the high-tax policies of the Labour Government as being steps "not only towards Socialism, but towards Communism", arguing that lower taxes served as an incentive to hard work.
Split into simpler sentences: At the Conservative Party Conference of 1966 she criticised the high-tax policies of the Labour Government as being steps "not only towards Socialism, but towards Communism". She argued that lower taxes served as an incentive to hard work.