NDP would take from corporate executives, give to working poor, kids

Tom Mulcair issued a rallying cry to progressive voters Friday as he unveiled a proposal aimed at taking tax benefits from the rich and transferring them to the poor.

OTTAWA — Tom Mulcair issued a rallying cry to progressive voters Friday as he unveiled a proposal aimed at taking tax benefits from the rich and transferring them to the poor.

The NDP leader promised that a New Democrat government would scrap the employee stock options deduction, a benefit enjoyed primarily by corporate executives that’s worth more than $700 million each year.

That money would be redirected to low-income families by enhancing the working income tax benefit and the national child benefit supplement.

“This will be a dollar-for-dollar transfer in benefits from those who need it the least to those who need it the most,” Mulcair told some 800 participants at the annual progress summit organized by the Broadbent Institute, a social democratic think-tank.

Mulcair cast the proposal as a “substantial measure” to reduce the gap between rich and poor Canadians and “a major step forward to take millions of Canadians, particularly children, out of poverty and into the middle class.”

“The tremendous wealth that is being generated in this country today is landing into fewer and fewer hands,” he said, calling the income gap “fundamentally un-Canadian.”

“And those at the very top end are enjoying tax benefits that the majority just don’t have access to.”

More than 25 years ago, Mulcair noted that Parliament unanimously endorsed a motion by then NDP leader Ed Broadbent to eradicate child poverty by the year 2000. Yet, under Liberal and Conservative governments, he said the problem has only worsened.

Unlike the other main parties, Mulcair said an NDP government would actually take action to get the job done.

He took the opportunity to call on all progressive Canadians to unite behind the NDP, which has been stubbornly stalled in third place behind the Liberals and Conservatives in opinion polls over the past two years.

“We have never been as close as we are today to building the Canada of our dreams,” Mulcair said, noting that a federal election is scheduled for October.

“But I need your help. I’m calling on each and every progressive Canadian to join me in this great endeavour.”

Just Posted

Mother sperm whale and baby dead in fishing net off Italy

MILAN — A mother sperm whale and its baby have died after… Continue reading

New Canadian law takes aim at dog fighting

Central Alberta agencies applaud changes

Wayward animals are a danger on the highway

Animals wandering onto roadways — a hazard that is common at this… Continue reading

Alberta premier hands out earplugs during debate on bill affecting union rights

EDMONTON — Premier Jason Kenney passed out earplugs in the legislature overnight… Continue reading

VIDEO: Avengers: Endgame to be re-released with new footage

‘Avatar’ holds global box office record at $2.788 billion, while ‘Endgame’ stands at $2.743 billion…

Alberta finance minister won’t guarantee delayed union arbitration will occur

EDMONTON — Alberta’s finance minister won’t promise that 180,000 public sector workers… Continue reading

Elections Canada scraps social media ‘influencers’ to encourage youth vote

OTTAWA — Elections Canada has scrapped plans to use social-media “influencers” to… Continue reading

Quebec’s biggest French school board postpones applying religious symbols law

MONTREAL — Quebec’s largest school board has voted to delay application of… Continue reading

B.C. Conservative MP Mark Warawa dies after cancer diagnosis

OTTAWA — Conservative MP Mark Warawa has died after being diagnosed with… Continue reading

Trump promises help with Canadian detainees in China as Trudeau visits D.C.

WASHINGTON — U.S. President Donald Trump says he will raise the issue… Continue reading

VIDEO: Avengers: Endgame to be re-released with new footage

‘Avatar’ holds global box office record at $2.788 billion, while ‘Endgame’ stands at $2.743 billion…

‘He gets it’: Bowen Byram set to hear name called early at NHL draft

VANCOUVER — Bowen Byram’s bantam coach knew almost immediately the defenceman would… Continue reading

Guardado scores 2 as Mexico beats Canada 3-1

DENVER — Andres Guardado had two goals in the second half, Roberto… Continue reading

Most Read