Photo by Whitehorse Star
Photo by Whitehorse Star
Lisa Vollans-Leduc, the territory’s NDP candidate for Monday’s election, says her party’s platform contains “serious re-investments to tackle the problems long neglected by Liberal and Conservative governments.”
An NDP government would make the ultra-rich and big corporations pay their share to fund the services families in the Yukon need, she said Wednesday.
Much of the $214 billion in new spending over the next five years would be offset by $166 billion in revenue raised through new taxes and other measures designed to make the ultra-rich and large, profitable corporations pay their fair share, Vollans-Leduc said.
“Yukoners have suffered during the pandemic,” she said.
“The NDP plan is about massive re-investments in people and communities – on housing, on the climate crisis, on cost of living issues, on reconciliation with First Nations.
“Justin Trudeau continues to say the right things, but after six years of broken commitments, Canadians know he’s more interested in looking like he cares about everyday families than working to make their lives easier.”
Conversely, she said, NDP Leader Jagmeet Singh and his team have vowed to fight for a future that is more equitable, affordable, and hopeful for all Canadians, Vollans-Leduc said.
“During the pandemic, the Liberals and Conservatives voted together against Jagmeet Singh’s proposal to make the ultra-rich pay their fair share,” said Vollans-Leduc.
“Our plan is costed by the parliamentary budget officer, and I’m proud to say we are not going to put any extra burden on the working class, middle class and small businesses.”
The NDP’s spending highlights include:
• $68 billion in new health care spending over the next five years, which would fund universal prescription drug coverage, expand long-term care and home-care options, and cover dental care and mental health expenses;
• $30 billion toward reconciliation with Indigenous peoples;
• $26 billion to fight climate change and support workers who may need to transition out of high-polluting industries such as oil and gas; and
• $35 billion redirected into a “climate bank” to boost investment in renewable energy.
The party’s planned new revenue streams include:
• $60 billion through a one per cent annual tax on households with wealth over $10 million;
• $44 billion through raising the capital gains inclusion rate to 75 per cent from 50 per cent;
• $25 billion through raising the corporate income tax rate to 18 per cent from 15 per cent. This would apply only to businesses that make more than $500,000 in profit;
• $14 billion through an “excess profit tax” on companies that made large profits during the COVID-19 pandemic. This would apply to only some companies that make profit in excess of $10 million per year; and
• $12 billion through cracking down on tax havens. Under an NDP regime, the Canada Revenue Agency would receive $100 million in extra funding to expand its capability to track down such funds.
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