Carney signs order to prioritize middle-class tax cut, after first meeting with new cabinet
Carney signs order to prioritize middle-class tax cut, after first meeting with new cabinet
Prime Minister Mark Carney signed a symbolic order signalling his government will prioritize passing his promised middle-class tax cut, following the first in-person meeting of his cabinet on Parliament Hill Wednesday.
How about giving us income splitting so that I don't pay more in taxes than a two income family that makes more than I do?
So what are they defining as "middle class" for this round? gotta love the journalism of CTV that seemed OK leaving this as "will lower tax for some Canadians"... some precise reporting there
Disappointing to see adoption of CPC/PP platform cluelessness policy priority. Canada needs to spend on industrial policy to fight US, and prepare for hardships. His first BS of offering US empire more weapons purchases for more force multiplier warmongering was embarassing enough. Head in the sand "negotiations" is not going to go well.
Priority needs to be to destroy US economy, to save Canada's. If plan is to do nothing, we can do without an auto industry too, but waiting until the crisis evolves is just negligent.
It is time for a radical change in how we progress as a society. Money sure ain't working. "Let's keep turning these money knobs and see what happens" should not be the ultimate answer for forward progress towards something resembling a utopia, which should be the goal. I have no answers but it seems that fiddling around with economy and hoping for the best is nothing more than just killing time.
Instead of tax cuts to help the middle class, what they should really do is:
Reduce privatization.
So much of our country is owned privately for the sake of profit.
This is why everything is so expensive, it’s because we let rent seekers own our infrastructure.
I want my government to start making money without further relying on middle class income.
Yeah, private ownership concentration is a huge problem leading to monopolies, lack of innovation, and worsening treatment of both customers and employees in general. As I understand it, all funds have increasingly gone to parasitic shareholders more than ever since CEO pay has shifted more and more to pay in company stock.
I’d love more publicly-run utility and transportation networks as you said, but in other less critical areas we could probably benefit from a more competitive system of small-to-medium-sized cooperatives that could (ideally, in a perfect world) replace corporations entirely. I would love to see support for worker groups with solid business plans to receive government grants (or at least forgiving loans) to help them buy their private sector workplaces for conversion to a democratic business model where employee-owners don’t get treated like serfs and businesses have to win over customers to survive, rather than trapping them and getting complacent.
*edited to add that last bit in italics
Yea but that's the Liberal party you're talking about. If you want that, you should vote NDP.
Do you think that's something they could easily do? It's a nice idea, but it's much more complicated to do anything about that
deleting because I replied to the wrong comment!
What if the government just started running crown corporations again? They could price things a lot lower and take business away from the private entities. It'll take some initial investment, but that's money well spent I think.
Maybe start with insurance and undercut that entire industry. Then use the profit to fund the establishment of other crown corps. Since they don't have to appease shareholders, all of the profit can go towards this.
This is to placate people who think voting gives you instant gratification. This isn't for people who pay attention.
It's all a big show regardless of who is in office and people eat it up. Drama for the masses.
Sweet now let's raise it on foreign billionaires who try to defraud our EV rebates
I'm kind of hoping they will. The government does not have too much money right now. I see no reason not to add a few percent to the top or second-to-top tax bracket.
Let's also do domestic billionaires (yea we have some).
Why have an EV rebate at all. Im sure the poor are overjoyed to gift their landlord a rebate for their new EV sports car. Meanwhile we are the only country in the G7 without high speed rail, while many of our highways were built in the 1960s.
I think that increasing the basic personal exemption would have helped a lot more lower income Canadians
Make it an official tax bracket too, instead just a refund everyone qualifies for. I don't know why TF it's set up that way.
It may yet be part of things: a promised cut to middle class taxes should infer inclusion of the poorer.
One would hope so, but I won't hold my breath.
why do they say it's for "middle class" if it's for poor people?
I don't know if I count as middle class. But I remember the first year I didn't get all my taxes back on rebate. I was SO HAPPY to be making enough money to pay taxes.
Still feeling that way even though I am getting broker over time as the rent goes up and my wage doesn't.
It would be more worthwhile to do price controls on those loblaws assholes.
Middle class is a made up term meant to separate the working class. It doesn't mean anything. The definition of middle class is vibes alone because it's a term that means nothing used by pandering politicians.
I agree that systemic solutions should be the focus but unfortunately the Liberals are incapable of challenging the system.