Ms. Judy Sgro (York West, Lib.): Mr. Speaker, the Canadian Alliance purposes
a flat tax which would have exactly the opposite effect of a fair and
progressive tax system.
Under this plan, the higher the income, the bigger the tax break. For
example, a taxpayer earning $30,000 would receive a tax reduction of about
$600, while another taxpayer earning $200,000 would receive a break of over
$22,000. That is not fair.
The Liberal government believes tax cuts must benefit all Canadians, but
first they must benefit those who need it the most; low and middle income
Canadians and families. Our five year plan will reduce personal income taxes
by an average of 15%. Combined with cuts in the last three budgets, annual
personal income tax reductions total 22% and for families with children, at
least 30%. That is a fair and equitable approach to income tax reform.