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submitted 2 days ago by [email protected] to c/[email protected]

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.

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[-] [email protected] 11 points 1 day ago

I would take a doubling of the current rate if they would implement voting reform - like they promised.

[-] [email protected] 42 points 1 day ago

Great! Now increase it 1% for the top earners.

[-] [email protected] 20 points 1 day ago* (last edited 1 day ago)

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.

[-] [email protected] 2 points 2 hours ago

Capital gains tax or Land Value Tax would be more interesting.

[-] [email protected] 0 points 22 hours ago

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.

[-] [email protected] -4 points 1 day ago
[-] [email protected] 1 points 1 day ago

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.

[-] [email protected] 11 points 1 day ago

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.

[-] [email protected] 4 points 1 day ago

tax cuts are everybody's farvorite policy.

Brainwashed by the wealthy

[-] [email protected] 1 points 1 day ago

It's a 1% tax cut for the lowest percentile (poor people).

[-] [email protected] 1 points 1 hour ago

Right, but they didn't move that 1% to the top bracket. So that's a whole lot of money disappearing from public services.

[-] [email protected] 5 points 1 day ago

Which rich people still benefit from because of progressive taxation. Just saying.

[-] [email protected] 1 points 23 hours ago

poor people don't pay taxes

this post was submitted on 05 Jun 2025
61 points (100.0% liked)

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