Who does the Liberal tax cut leave behind?

The Liberal government’s tax plan benefits some of Canada’s wealthiest and leaves the majority behind. Under the Liberal plan: • Median income earners making $31,320 get $0 in benefits. • Canadians earning between $11,000 and $45,000 would see $0 in benefits. • High-income earners making $210,000 would in fact get $270 in tax cuts. • Only people making more than $89,000 would receive the maximum benefit.
“The Liberal plan means zero benefit to two thirds of Canadians, while giving its biggest benefits to some of the wealthiest individuals in this country,” said NDP Finance critic Guy Caron (Rimouski-Neigette – Témiscouata – Les Basques). “As the progressive opposition, we are ready to fix the Liberal tax proposal so government action matches Liberal campaign rhetoric.” Under the NDP proposal: • Median income earners making $31,320 would get $200 in tax cuts. • People earning between $11,000 and $45,000 would see an average benefit of $172 in tax cuts. • High-income earners making $210,000 would pay $66 more in taxes rather than receiving the Liberal tax cut. • People making $44,701 will receive the maximum benefit of the policy. “As it stands, the Liberal tax cut proposal leaves the bottom 67.5% of Canadian taxpayers behind while giving the largest benefits to people making between $89,000 and $200,000 per year,” said Caron. “That’s more of the old discredited trickle-down economics. We’ve offered a reasonable adjustment so that middle class and working families get the break they need.”