May 05, 2015

Trudeau's new tax ideas come from Iggy's waste basket

Brian LilleyRebel Co-Founder

Call it recycling, call it garbage picking but it looks like Justin Trudeau's new tax plan was kicked around by Liberals only a couple of years ago and rejected.

Back in February 2011, Ottawa Citizen scribe Glen McGregor reported on notes scribbled on a discarded piece of paper at a Liberal caucus meeting that suggested a new middle class tax cut might be coming if the Liberals won election.

The party, then led by Michael Ignatieff, downplayed the idea:

Although the idea of a new lower bracket for middle-income earners had been considered, the party has iced the idea because any changes to marginal rates would be expensive to the government and amount to only a small difference on the average worker's paycheque

McGregor quoted Liberal finance gurus Scott Brison and John McCallum, the very people now selling Trudeau's plan, as dismissing the idea.

Under Trudeau's new plan the middle bracket for Canadians would fall from 22% to 20.5% and add a new tax bracket for anyone earning more than $200,000 - that group would pay 33 cents of every dollar above $200,000 to the federal government.

The Trudeau plan would also scrap income splitting for families with kids and roll back increases in the tax free savings accounts.

Trudeau calls it fairness.

One of his current finance gurus, Scott Brison, used to campaign ideas like this.

Back in 2003 when Brison was running for the leadership of the old Progressive Conservative party his platform called for income splitting and having higher tax brackets for Canadians, not lower ones.

"Changing our tax brackets to align them more closely with our major competitors.

For example, Canadians hit the top marginal tax rate at $100,000 whereas in the US Americans hit the top rate at $400,000" (Brison Leadership Platform, 2003)

Watch the video on Trudeau's tax plan:

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commented 2015-05-05 16:15:23 -0400
Rick Plesnik.. you could not have said it any better.. awesome!!
commented 2015-05-05 14:08:13 -0400
“I think at this point we’d all gasp in amazement if the empty hair-do ever spewed an original idea of his own – aside from pot smoking.” That may have been influenced by “Cheech and Chong” who were quite prescient when he was growing up.
commented 2015-05-05 12:48:51 -0400
The socialist redistribution of wealth from the “New” liberal philosophy. Karl Marx is applauding from the grave. Boy Blunders need a kick in his Gerald Butts.
commented 2015-05-05 10:20:50 -0400
So the middle class will pay les tax on their EI benefits they for a few months before going on welfare when they lose their jobs because the top one percent move their businesses and wealth out of Canada.

Sounds about right for Liberals. Grow the lower class, oppress and control it by rich political elites like basic dictatorship lover, Trudeau himself.
commented 2015-05-05 09:57:34 -0400
This is ‘liberalism’ atg it’s classic best; Tax the rich (minority) and give to the poor (majority). This is what got Obama into the White House and is what Le Bebe thinks will get him into the P.M’s office. Liberals know that they can always rally their supporters b y giving them someone else’s money.
commented 2015-05-05 09:12:17 -0400
@peter Netterville – easier to say FU troodo. just saying.
commented 2015-05-05 09:08:31 -0400
And the tax on carbon that Baked Troodo is pushing was called the GREEN SHAFT (from 2008) and that was built by Corky (dion). Seven years later…

Baked Troodo is a walking and talking oxymoron at every moment of the day.

Get ready for your beating in October troodo.
commented 2015-05-05 08:51:04 -0400
I would benefit from the increase in the tax free savings account, so according to Justin, I am one of the rich, because he said increasing the TFSA will only benefit the rich. Odd, I don’t feel rich.
commented 2015-05-05 08:21:30 -0400
I think at this point we’d all gasp in amazement if the empty hair-do ever spewed an original idea of his own – aside from pot smoking.
commented 2015-05-05 07:44:16 -0400
I don’t see this making much of a difference in Le Bebe’s prospects. The drop from 22 to 20% will have little impact on take-home pay of middle-income earners, while imposing a higher tax on those at 200K and above (really, that’s all it takes to get into Canada’s “1%”?) will not attract any new recruits to the Liberal tent. Firstly, the higher tax will capture a lot of champagne socialists who might otherwise be attracted to Justin. Secondly, it will not entice many middle or lower income earners to Justin. What a lot of people don’t get is that in North America, there is no class resentment – except on the fringes. The middle and lower income brackets are filled with people who want to be affluent and, if they don’t outright admire the wealthy, don’t feel resentful or hateful towards them. Justin’s tax tinkering won’t change minds already made up and may push some left-oriented fence-sitters over to the NDP (as they are not keen on tax cuts of any kind and the increase for the higher earners will not be enough to satisfy them).