Tom Mulcair to propose tax relief targeting small biz, manufacturers
NDP leader says he wants to create 'the next generation of well-paid middle-class jobs'
Tom Mulcair is poised to nail down more planks in the NDP election platform, unveiling promises of tax relief for small business and manufacturers.
The NDP leader is to announce the latest proposals today in a speech to the Economic Club of Canada. CBC News will livestream the speech starting at 12:15 ET.
They're part of a bid to show that New Democrats have a plan to goose the sputtering economy that's in sharp contrast to the approach taken by Prime Minister Stephen Harper's Conservatives in the face of plunging oil prices.
But they're also likely to raise more questions about how Mulcair intends to pay for his promises at a time when the collapse of oil prices is sucking billions from the federal treasury and stunting economic growth.
Harper has vowed that the oil price plunge won't knock the government off its plans to balance the budget in the coming year and deliver on pricey promises of tax benefits for families with young children — including a controversial $2.4-billion-per-year income splitting scheme which critics say would benefit less than 15 per cent of the wealthiest families.
Mulcair has promised to scrap the income splitting scheme; he's also promising to reverse the Harper government's tax cuts for big business, bringing Canada's corporate tax rate closer to the average of G7 countries — which would mean a hike of as much as 4.5 percentage points from the current 15 per cent.
http://www.cbc.ca/m/news/politics/t...f-targeting-small-biz-manufacturers-1.2932982
