May 8th, 2015

NDP REALITY CHECK: Experts weigh in-- Liberal tax plan helps wealthy Canadians the most

More than 1.3 million Canadians are unemployed and another 20,000 jobs were lost just last month. Canadian families are struggling with growing uncertainty, record high debt, and rising costs for daycare.

Yet the Liberals have proposed a tax plan that helps higher income earners the most.

The Liberal tax plan costs $3 billion per year, mainly benefits the wealthy, and gives nothing to the bottom 2/3rds of all tax filers.

On the Liberal proposal:

“Those with taxable incomes of $50,000 benefit less than those with taxable incomes of $150,000, both in dollar terms and as a per cent of taxable income.” – Stephen Gordon, Macleans, May 7, 2015 “Incredibly, the biggest beneficiaries of the Liberals’ proposed tax changes are those families making between $166,000 and $211,000 (the top 90-95%).” – David Macdonald, Behind the Numbers, May 5 2015

And keep in mind, these are the same Liberals who have spent months criticizing the Conservatives for their tax scheme to help the wealthy – an income splitting proposal that costs $2 billion per year, mainly benefits the wealthy, and gives absolutely nothing to 85% of Canadians.

Fortunately, come October, Canadians won’t be forced to choose between two plans that fail to help middle class families – people can choose a principled leader like Tom Mulcair and his NDP team.