POLITICS

Justin Trudeau Would Introduce Middle Class Tax Cut In First Bill

10/09/2015 12:25 EDT | Updated 10/09/2016 05:12 EDT
The first piece of legislation a Liberal government would introduce, should the party win the Oct. 19 vote, would be a tax cut for the middle class, Justin Trudeau said Friday

The proposed tax cut has been a central plank of the Liberal leader's election campaign. The cut would apply to Canadians making between $45,000 and $89,000 per year, and would save $670 per person each year, or as much as $1,300 for a two-income household, the party says.

Trudeau said the tax cut would be paid for by creating a new tax bracket of 33 per cent for those earning annual incomes of $200,000 or more.

Unlike Conservative tax cuts, he says, those eligible would see the money on their pay stubs right away, rather than having to wait for income tax season.

He predicts that putting more money in the pockets of middle-class families would stimulate and grow the Canadian economy.

Trudeau made the announcement at a grocery store in the Conservative-held riding of Don Valley West in Toronto, where the Liberals hope a recent rise in polling numbers in Ontario gives them a shot at the riding. 

The Grit leader was surrounded by signs advertising the tax cut, as well as the plan for an increased child benefit for the families that Trudeau said need the money most.

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The enhanced family benefit would be funded by eliminating the Conservative's Universal Child Care Benefit for families making more than $200,000 per year in total income. 

He was also surrounded by piles of groceries — the amount of food, he said, a typical Canadian family would be able to purchase each month with the savings they would accumulate from the tax cut.

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