A Bold Plan and a Plan to Pay for It
WHITEHORSE – The NDP’s platform contains serious re-investments to tackle the problems long neglected by Liberal and Conservative governments. The NDP’s plan will make the ultra-rich and big corporations pay their share to fund the services families in the Yukon need.
Much of the $214 billion in new spending over the next five years will 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.
“Yukoners have suffered during the pandemic. 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,” says Yukon NDP Candidate Lisa Vollans-Leduc.
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.
Throughout this election, Jagmeet and his team of New Democrats have committed to fighting for a future that is more equitable, affordable, and hopeful for all Canadians.
“During the pandemic, the Liberals and Conservatives voted together against Jagmeet Singh’s proposal to make the ultra-rich pay their fair share,” says 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”.
• $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 towards 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
• $35 billion redirected into a “climate bank” to boost investment in renewable energy
New revenue streams
• $60 billion through a 1% annual tax on households with wealth over $10 million.
• $44 billion through raising the capital gains inclusion rate to 75% from 50%
• $25 billion through raising the corporate income tax rate to 18% from 15%. 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.
• $12 billion through cracking down on tax havens. The Canada Revenue Agency would receive $100 million in extra funding to expand its capability to track down such funds.
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