Ottawa, ON – This morning the Parliamentary Budget Officer released his costing of the Liberal government’s personal income tax rate cut to 14% for the lowest bracket.
The Carney Liberals like to talk a big game, but once again they have failed to deliver. During the election, their platform told Canadians they would “cut income taxes for the middle class and save dual-income families up to $825 a year.” But PBO found that the average Canadian will only save $90 dollars this year, and $190 dollars next year. That is $15.83 per month, or about four cans of tuna.
For a lower-income senior the savings would be $50 a year, or $4.16 a month. Not even enough to buy an Egg McMuffin or a Tim’s breakfast sandwich. A high-income senior with an income of $111,000 would save up to $330 a year. An elderly couple making a combined $260,000 a year would save up to $680, still short of the $825 Carney promised.
Carney promised Canadians change. He promised that his government is on a new path that will make life more affordable. Now that the election is over, he tinkers on the margins to save Canadians mere cents a day. Canadians deserve leadership that brings real change, not pocket change. Mark Carney can’t be trusted to deliver on his promises. Only Conservatives will implement big tax cuts for real, for everyone, for good.