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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