The House of Commons unanimously voted in favour of the Liberals’ promised income tax cut on Thursday.
The Liberals promised to bring in a one percentage point reduction in the lowest marginal tax rate — taking it from 15 per cent to 14 per cent — during this spring’s election campaign.
The government introduced a “ways and means” motion to make the tax changes last week and all MPs voted in favour of the motion on Thursday.
A ways and means motion allows the government to start making changes to the tax code before such changes are passed in legislation — but a bill will still need to be passed.
I would take a doubling of the current rate if they would implement voting reform - like they promised.
Great! Now increase it 1% for the top earners.
Yes, but to be faaaaiirrrrr, the truly rich don’t collect a salary. It is arguable that if a person’s income is subject to income tax, the person is not a capitalist but a worker. The rich have all kinds of ways to avoid declaring income.
Capital gains tax or Land Value Tax would be more interesting.
Carney was talking about using AI to implement a type of DOGE system on top of the tax cuts, is this DOGE coming soon at least?
Surely we care about interest payments on our debt, and the lack of productivity its been creating in our economy.
weird of CBC/headline to call Parliament “House”. This makes confusing headline relative to possible US politics.
‘House’ is a common shortening of ‘House of Commons’, the elected portion of Parliament. Parliament as a whole also includes the Senate. The distinction matters here because the tax cut has not passed through the Senate as of yet.
Parliament as a whole also includes the Senate
I believe that is false.
Also, last bill to be rejected by Senate was a private member bill. C-311, in 2010, which coincidentally was anti-oligarchy climate reporting law. Very rare for Senate to have any consequence in Canada.
Parliament as a whole also includes the SenateI believe that is false.
The legislative branch includes both the House of Commons and Senate. (further up the same page)
boooooooooooooo
I’m curious, what is it you’re "boo"ing? 🤔
I mean the house doing anything unanimously makes me think hell has frozen over, but tax cuts are everybody’s farvorite policy.
Not mine - tax cuts means more hurting of services that we rely on. I’m all for tax hikes at the top and more brackets added at the top. Get some finding back into the things that have been so horribly choked out.
Really? I always thought it was the opposite. I’m broke, and even I know you need taxes to pay for all the large projects we all benefit from.
Obviously I don’t want it going to Israel, or any of the bad things which are funded in my name, but on the whole the purchasing power of our tax base is greater than anything I could do individually with my portion.
tax cuts are everybody’s farvorite policy.
Brainwashed by the wealthy
It’s a 1% tax cut for the lowest percentile (poor people).
Right, but they didn’t move that 1% to the top bracket. So that’s a whole lot of money disappearing from public services.
Which rich people still benefit from because of progressive taxation. Just saying.
poor people don’t pay taxes