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- $35.6 billion in tax cuts over five years, including an increase to the Child Tax Benefit, removing the GST from family essentials, eliminating income tax for those earning less than $15,000
- $45 billion in tax hikes, including full taxation of capital gains, a new 32.5-per-cent tax rate for incomes over $250,000, raising corporate taxes, an "excess profits tax" on banks and an inheritance tax on all income over $1 million
That's 9.4 billion up... It isn't a tax cut per se... it's more of redistribution of the tax burden to those who can afford to pay it...
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"My hands are on fire. Hands are on fire. Ain't got no more time for all you charlatans and liars."
- Old Man Luedecke
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