NDP will vote for Trudeau’s measures, wants immediate action

NDP Leader Jagmeet Singh. Image: Jagmeet Singh/Facebook

Canadians want to know when the new series of measures the government just announced to deal with the economic hardship brought on by the COVID-19 crisis will come into effect.

To a significant extent, those measures heed the advice of the Canadian Centre for Policy Alternatives (CCPA) and the federal NDP that employment insurance (EI) and sick leave must be extended to the tens of thousands who do not now qualify — especially the lowest paid and most precarious workers.

As economist Jim Stanford has pointed out, the Trudeau government’s just-announced package of measures is a good start, but more will be needed.

As massive as it sounds, the $82-billion package will not be adequate to support workers and their families, and tide over businesses, especially the thousands of small ones, throughout this unprecedented crisis.

Of most immediate concern, however, is the question of timing, and the federal NDP is seized with that issue.

To help get action as quickly as possible, NDP Leader Jagmeet Singh has written the prime minister to promise his MPs will vote for the Liberal government’s package.

Singh’s purpose in taking this unusual step is to assure the government its legislation will pass. Even if the other opposition parties were to vote against the new measures, the NDP’s support would be sufficient to get them over the top.

Given that, Singh is urging the government to take whatever concrete actions it can, right now, to implement its economic package, and not wait for the full legislative process to reach completion.

While waiting for parliamentary approval, government can take certain steps

The NDP leader has told the prime minister that he is “alarmed at the news that many Canadians will not receive this additional help until April or May.” He encourages the government to “open up applications and provide Canadians with information on how to access these new programs” — even though the new programs do not yet officially exist.

Singh adds that he understands “it may not be possible to actually fund these measures until the necessary legislative process is completed.” What he proposes is that the federal bureaucracy be “put in motion … to begin processing these benefits so that Canadians do not need to wait one day longer than absolutely necessary.”

Singh also suggests a few other easy-to-achieve, immediate measures, in addition to the ones the government has already put on the table.

One of those is “to issue second payments this month of existing income support programs, such as the Canada Child Benefit.”

As well, the NDP leader urges the government and the Bank of Canada to use their powers “to ensure that banks and lending institutions lower interest rates and suspend penalties for late payments.”

Singh also wants assurance that nobody in need will be obliged to first apply for EI and be denied before they are allowed to apply for other new benefits. That would create unnecessary, and, for some, dangerous delays, he says.

Finally, the NDP joins many other others, including those who represent small and independent businesses, in deploring “the low rate of the wage subsidy being offered to businesses.”

“While we support the initiative to help small businesses keep people employed, offering 10% of payroll up to a maximum of $25,000 is simply not enough,” Singh writes.

Singh points to the examples of other countries, such as Denmark and New Zealand, “who have offered much more ambitious subsidy programs designed to keep people employed.”

The bottom line for the NDP is that it will fully support the package the Trudeau government will present to Parliament, when it re-convenes in special session in the days to come. Jagmeet Singh’s party believes the government could and should have done more, but it knows now is not a time to quibble.

The NDP’s main and most urgent request is that the government start taking practical steps to put its emergency fiscal measures into action immediately.

That is a request with which millions of anxious Canadians would no doubt concur, regardless of their political stripe. SOURCE

Jagmeet Singh unveils NDP critic roles ahead of Parliament’s return next week

NDP leader appoints himself critic for intergovernmental affairs and Indigenous issues

Federal NDP Leader Jagmeet Singh unveiled his shadow cabinet in Ottawa this morning. (Chad Hipolito/The Canadian Press)

NDP Leader Jagmeet Singh unveiled his shadow cabinet in Ottawa this morning, giving himself two portfolios that are expected to loom large in the upcoming Parliamentary session: intergovernmental affairs and Indigenous issues.

“Because justice for Indigenous people is so important, because having access to clean drinking water is so important, among so many other basic human rights, and because this government is still continuing to appeal the decision of the Human Rights Tribunal and is effectively taking Indigenous kids to court, I have named myself as the critic for Indigenous services and Indigenous-Crown relations,” Singh told reporters in the foyer of the House of Commons this morning.

“It’s so important for us that, as leader, I’m going to take on that responsibility.”

Singh has been a vocal opponent of the government’s decision to appeal a court ruling on child welfare compensation for Indigenous children, signalling that it will be one of the NDP’s key targets in the upcoming session.

As critic for intergovernmental affairs, Singh will go head-to-head with deputy prime minister Chrystia Freeland during question period, which briefly resumes next week. As minister of intergovernmental affairs, Freeland is tasked with easing provincial tensions and holding the federation together in a period of deep economic anxiety in much of Western Canada.

Singh’s inner circle remains largely unchanged since the last session. The party’s lone Quebec MP, Alexandre Boulerice, will stay on as deputy leader. He’ll also be the critic for Canadian economic development for Quebec regions, and for Canadian heritage

Re-elected New Westminster-Burnaby MP Peter Julian will keep his job as House leader and will take on the role of finance critic.

NDP Leader Jagmeet Singh has named himself as the new critic for Crown-Indigenous Relations, Indigenous Services and Intergovernmental Affairs. 1:05

Windsor West MP Brian Masse remains caucus chair and will take on the critic role for digital government, the Great Lakes, telecommunications and innovation, science and industry.

North Island-Powell River’s Rachel Blaney will continue on as whip and become the NDP critic for veterans affairs.

Singh criticized the Liberals for naming Mona Fortier as minister of “middle class prosperity” without defining her mandate.Longtime Ontario New Democrat MP Charlie Angus will take on the role of critic for income inequality and affordability, and for the federal economic development initiative for northern Ontario and Indigenous youth.

Singh also made a point of naming a critic for democratic reform, which isn’t a defined minister’s role in the Liberal cabinet anymore. The NDP has long pushed to replace Canada’s first-past-the-post electoral system.

“People have been pointing out that this electoral system is fraught with injustice and it does not allow people’s voices to be heard,” he said.

The other NDP critic roles are:

  • Niki Ashton: public ownership, transport
  • Don Davies: health
  • Carol Hughes: official languages
  • Randall Garrison: defence, justice, sexual orientation and gender identity
  • Daniel Blaikie: democratic reform, employment, workforce development and disability inclusion, export promotion and international trade, western economic diversification
  • Richard Cannings: natural resources
  • Scott Duvall: the federal economic development agency for southern Ontario, labour, pensions and seniors
  • Gord Johns: economic development, fisheries, oceans and the Canadian Coast Guard, small business, tourism
  • Jenny Kwan: housing, immigration, refugees and citizenship
  • Alistair MacGregor: agriculture and rural economic development
  • Taylor Bachrach: infrastructure and communities
  • Laurel Collins: caucus vice chair and critic for environment and climate change
  • Leah Gazan: families, children and social development
  • Matthew Green: national revenue, public services and procurement, Treasury Board
  • Jack Harris: the Atlantic Canada Opportunities Agency, foreign affairs, public safety and emergency preparedness
  • Lindsay Mathyssen: deputy whip and critic for diversity, inclusion and youth, post-secondary education, women and gender equality
  • Heather McPherson: deputy House leader, critic for international development
  • Mumilaaq Qaqqaq: critic for the Canadian Northern Economic Development Agency, northern affairs

Singh says Prairie premiers ‘distracting’ from real issues, need to ‘do better’

Jagmeet Singh
NDP leader Jagmeet Singh speaks to reporters following a meeting with Prime Minister Justin Trudeau on Parliament Hill in Ottawa on Wednesday, Nov. 13, 2019. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA – NDP Leader Jagmeet Singh says that clearly “people are feeling neglected” by Ottawa, but that the way the premiers of Alberta and Saskatchewan are going about raising those concerns are “distracting” from the “real” problems.

In an interview with Evan Solomon, host of CTV’s Question Period, Singh said that the issues and pressures Albertans and Saskatchewanians are facing are real, but are being felt in “many provinces.”

While discussing what his priorities will be for the new Parliament, including more action on climate change, Singh was asked about the ongoing conversation around western alienation and the requests being made by Premiers Jason Kenney and Scott Moe and what the NDP caucus’ response would be to the Liberals moving ahead with targeted measures for that region of the country.

“I want to see commitments at the federal level to help out those folks,” Singh said during a wide-ranging interview in which the NDP Leader also spoke about the intersection of his personal and spiritual beliefs, and why propping up the Liberal minority may be dependent on the promises in the throne speech.

“People are feeling neglected and ignored by Ottawa,” Singh said. “What Conservative premiers are doing is distracting from the real problem.”

He cited the health care and education systems, and the challenge in finding jobs as examples of the “real” issues.

Singh—who has just one elected MP in Alberta and none in Saskatchewan— opposes the Trans Mountain pipeline project that many in Alberta view as integral to their economic stability, and supports tougher environmental regulations.

As CTV Edmonton reported last week, Kenney announced that he would be creating a “Fair Deal Panel” to look into ending several arrangements with the federal government, including opting out of federal cost-share programs like a proposed pharmacare plan that Singh is a vocal proponent of; and enacting a system in which schools need provincial signoff before entering into federal government agreements.

In the interview Singh suggested that Alberta has to diversify its economy instead of doubling down on oil and gas. The Kenney government has previously said that becoming less dependent on oil and gas is a long-term initiative, though there have been steps taken.

“They need to do better,” Singh said.

“They need to be an economy that’s not subject to the whims of one commodity that might go up and down in price and that could completely upturn their economy,” Singh said. “What they need to do is this: They need to be committed to job creation, they need to be committed to making sure they have a diverse economy that creates real opportunities that aren’t subject to the global whims of a market that can go volatile up and down.”

Singh said he is open to looking at the equalization formula to make sure that it’s still working and fair.

“The future we know is a future where we’re fighting the climate crisis while creating jobs. There has to be a path that’s laid out where we show workers that there is a path to create jobs… that’s what people need to see and to hear and to feel, so that they’re not worried about their future,” Singh said.

SINGH WANTS ‘CONCRETE’ LANGUAGE IN THRONE SPEECH

In addition to action on climate change and job creation, Singh said that he wants to see “timelines” and “some real concrete commitments” for pharmacare and dental care in next month’s Liberal throne speech, otherwise he is prepared to vote against it.

“I want something concrete,” Singh said, downplaying questions of whether he is over exaggerating the bargaining position he will have in forth-party status, given the Bloc Quebecois’ indicated intention to work collaboratively with the Liberals so long as they stay out of provincial secularism matters.

Singh said it’s different to have the support of an NDP caucus that he says will be “fighting actively” for improvements to Liberal initiatives than the backing of a party that would just “not get in the way.”

“The Liberals can work with other people, there’s no question about it. The difference is that we’re actually fighting for things that Canadians want,” Singh said.

SAYS PERSONAL, SPIRITUAL BELIEFS ALIGNED

In light of Conservative Leader Andrew Scheer being asked about his personal and religious views on social issues like same-sex marriage, Singh was asked whether as a Sikh he believes that being gay is a sin.

“No.”

He was asked whether he supported same-sex marriage.

“Yes.. I support it all the way.”

And does he support the right of women to access abortion?

“Yes, absolutely, without any question.”

Singh said that his personal and religious beliefs are “completely aligned.”

“My beliefs spiritually are fully in line with supporting same-sex marriage, supporting a woman’s right to choose. I have no, any sort of ambiguity with my personal, spiritual beliefs,” Singh said.

Asked whether it was appropriate for these kinds of questions to be asked of federal leaders, Singh said that he thinks it gives people confidence in his stance.

“In my case, people can be very confident that both my spiritual, my personal, my beliefs as a leader are all in line with my values, which are to support a woman’s right to choose, which is to support same-sex marriage, which is to fight for equality and fairness for Canadians, so people can have that confidence with me.”

SOURCE

BC Fed: To Tackle Economic Insecurity, Workers Need an NDP Government

Why BC’s labour federation is endorsing the party led by Jagmeet Singh

[Editor’s note: Readers may be wondering which of the federal parties has earned the support of the labour movement, given the national arm, the Canadian Labour Congress, is not endorsing anybody this election. However, the BC Federation of Labour has now weighed in with this op-ed submitted to The Tyee.]

JagmeetSinghMontreal.jpg
‘Jagmeet speaks to the struggles facing so many Canadians in this moment of rising precarious work and economic anxiety.’ Photo by Valerie Blum, EPA.

This week, federal NDP Leader Jagmeet Singh joined striking hotel workers on a Vancouver picket line. He marched and chanted with hundreds of workers who had been out of work for over three weeks and voiced his support for their fight for safe working conditions, stable employment, and fair wages.

To us, Jagmeet’s support for these workers was much more than a campaign photo-op. It was a show of character and values.

Jagmeet used the opportunity to speak to the struggles facing so many Canadians in this moment of rising precarious work and economic anxiety for workers and their families. It was yet more evidence of a campaign that has made clear who Jagmeet is fighting for: working people. By taking time out from a busy campaign to show workers he cares, he exemplified the kind of principles, and leadership, we sorely need in a Prime Minister.

The NDP is currently enjoying a surge in support and excitement. It should be no surprise. When you have a clear focus on tackling inequality, taking on powerful interests, and investing in public programs, it tends to resonate with people, too many of whom are living pay cheque to pay cheque.

While the Conservatives and Liberals have focused their campaign messages on meagre competing tax cuts, Jagmeet has talked about big ideas. He has talked about tax fairness and being a voice for working people rather than the rich and wealthy. Indeed, the NDP has stressed the need for a new tax on the super-wealthy with fortunes over $20 million. That tax will not only help reduce economic inequality, it is part of ambitious plans to raise new revenues to fund access to new and expanded public programs.

Canada’s public health care system is rightly something Canadians are proud of. But Jagmeet has campaigned to improve on the status quo, to reduce costs and improve the lives of millions of Canadians through universal access. This includes creating a public pharmacare plan to pay for drug costs, and a public program to finally include free dental care in the health system.

The NDP is also offering solutions on three other affordability challenges that British Columbians know too well, promising a massive investment in new affordable housing, committing to forgive interest on student loans, and creating a desperately needed universal child-care program.

Under Jagmeet, the NDP has also been clear on the need for bold climate action with investments in clean energy, rapid transit and building retrofits from coast to coast to coast. The NDP’s plan includes recognizing Indigenous rights and ensuring workers in existing fossil fuel-related industries have meaningful supports during the shift to a green economy, while also ensuring green jobs are family- and community-supporting jobs. MORE

 

Singh walks fine line on Trans Mountain pipeline and possible Liberal coalition

NDP leader Jagmeet Singh, right, and his wife Gurkiran Kaur, left, cast their ballets at an advanced polling station in his Burnaby South riding during a campaign stop in Burnaby, B.C., on Sunday, October 13, 2019.

SURREY, B.C.— NDP Leader Jagmeet Singh tried to strike a precarious balance Sunday between his opposition to the Trans Mountain pipeline and the mounting possibility of a coalition with Justin Trudeau’s Liberals.

Singh is drawing a firm line: he said he will do whatever it takes — including a possible coalition with the Liberals — to keep the Conservatives from forming a government.

But he walked a finer line when pressed Sunday on whether, if the NDP did find itself holding the balance of power after Oct. 21, the Trans Mountain pipeline project would scuttle any co-operation with Trudeau and his MPs.

“I am firmly opposed to the pipeline. I’ve been opposed to it. I will continue to fight against it and it’s absolutely one of my priorities,” Singh told a crowd of supporters in Surrey B.C.

“I won’t negotiate a future government right now, but I will tell people what my priorities are and absolutely my priority is to fight that pipeline.”

Singh offered a first glimpse of the possibility of leaving the door open to working with the Liberals — in spite of his strong stance against the pipeline — following the French debate earlier this week. Since the Liberals had already purchased the pipeline, he said, he would “work on ensuring that we are as responsible as possible with moving forward with an asset that I would not have bought.”

Singh is also walking a political tightrope when it comes to where he currently stands on liquefied natural gas (LNG) development in B.C.

A single protester disrupted the beginning of his rally Sunday, shouting obscenities at the NDP leader and voicing his opposition to the $40 billion LNG project in northern British Columbia.

The project will see LNG Canada export natural gas obtained by fracking. It has the support of the provincial NDP government in B.C.

In January, Singh voiced support for the project. But several months later, not long after the NDP suffered a byelection defeat at the hands of the Greens in the riding of Nanaimo-Ladysmith, he came out against fracking — a position he reiterated Sunday.

Asked for his current position on the project, Singh sidestepped the question, saying only that he supports the B.C. government’s plans to reduce emissions as the “most ambitious climate action plan in North America.” MORE

Abolishing the Senate would see Canadians better represented, NDP leader says

An image of NDP Leader Jagmeet Singh taken on Oct. 11, 2019.
 An image of NDP Leader Jagmeet Singh taken on Oct. 11, 2019. Global News

Abolishing the Senate would give Canadians better representation, NDP Leader Jagmeet Singh said on Tuesday, doubling down on his party’s long-standing pledge to ditch Parliament’s chamber of sober second thought.

During a campaign stop in the Toronto riding former NDP leader Jack Layton once held, Singh said senators represent the interests of the political parties that appointed them, not Canadians.

“The reality is the Senate doesn’t really represent people,” he told reporters.

“They represent the Liberal party, they represent the Conservative party. They don’t represent the people and their interests. They’re more interested in being a mouthpiece for the political parties that appointed them.”

Federal Election 2019: Liberals ‘talk progressive but govern conservative’: Singh
Singh’s pledge to abolish the Senate, though, would be no easy constitutional feat. SOURCE

It’s a No-Brainer — Tax the Billionaires!

A wealth tax wouldn’t just bring in revenue. It would curb the out-of-control political power of the one per cent.

JagmeetSinghSpeaksPodium.jpgThe NDP under leader Jagmeet Singh promises to implement a one-per-cent tax on wealth over $20 million. It’s an idea whose time has come. Photo by Sean Kilpatrick, the Canadian Press.

Canadians can be smug when it comes to comparing our political debate to politics in the United States. But we’re way behind our American neighbours when it comes to fair taxes on the accumulated wealth of the billionaire class.

Here, we’re still hearing the same tired arguments against a wealth tax.

But in the U.S., the debate now includes a serious discussion of how much we should tax wealth. Bernie Sanders and Elizabeth Warren, two contenders for the Democratic presidential nomination, both back a wealth tax but debate how high it should be.

Sanders has set out the foundation for his version of the tax bluntly. “Billionaires should not exist,” he’s stated. That’s not an attack on the individuals, but a statement that a relatively few people should not control so much of society’s shared resources.

And he’s right. Nobody “earns” a billion dollars. Such sums are only redistributed from the collective effort of many into the hands of the few.

Taxing the wealth of billionaires and the rest of the one per cent increases government revenue for programs or services for everyone.

More importantly, it decreases the ability of the wealthy to shape and control our political, social and economic life. The wealthy bankroll political campaigns and fund an entire infrastructure of media, lobbyists and think tanks to further a simple agenda — maintaining their disproportionate privileges. A wealth tax is about redistributing power as much as it is about redistributing wealth. It’s about restoring democracy.

And it’s sound economic policy. Gabriel Zucman and Emmanuel Saez, two of the world’s top scholars of inequality, have dedicated much time to assembling the wonky details that demonstrate the benefits of a wealth tax. Among other important voices, the two UC Berkeley economists have shown how a wealth tax could be practically implemented to tackle inequality, addressing issues like the challenge of assessing wealth and minimizing evasion.

The conversation about the wealth tax in the U.S. should help clarify the discussion here. The research and analysis have debunked the common arguments against taxing wealth.

Some argue the wealth tax is self-defeating: the wealthy will hide their wealth or simply flee.

But the wealthy, while mobile, are also human and hold many personal connections to place that can be more powerful than their desire to pay less in taxes.

More importantly, while it may be relatively simple for a wealthy person to move, it’s not that easy for many forms of wealth to move or disappear. They are not hiding money under the mattress. Factories, offices, land and other physical things that constitute wealth largely stay in place, even when ownership changes or moves. They will still be useful and productive.

Another common argument against taxing wealth is that it’s too hard or costly to figure out how much wealth a person has. This objection ignores two important facts about wealth today.

First, many of the assets held by the ultra-rich are financial. Stocks, mutual funds, bonds and the like have well-defined value. Anyone can look up the price of a stock or bond. Forbes has a made science of calculating the wealth of the richest Americans. If a magazine can do it, so can governments.

And second, both the U.S. and Canada already have taxes on wealth, just not taxes on all wealth. Property taxes on real estate exist in most jurisdictions. They are levied based on detailed annual assessments; the same could be done for other forms of wealth.

Together, property tax assessments and financial markets would allow governments to assess the value of financial holdings and real estate, which together account for most wealth.

Zucman points out that the trouble of creating annual assessments is actually an argument in favour of regularly taxing wealth. Once the process is in place, it produces increasingly accurate results that can be used to better tax estates and help with public administration. SOURCE

Ontario Federation of Labour endorses NDP and Jagmeet Singh

Ontarians have learned first-hand just how much social and economic damage a Conservative government can do: OFL

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NDP Leader Jagmeet Singh waves from his campaign airplane after a campaign stop, in Miramichi, N.B. – Andrew Vaughan , The Canadian Press

The Ontario Federation of Labour is proud to endorse Jagmeet Singh and the NDP, the only party in it for you, for working Canadians, and not for corporate CEOs and the ultra-rich.

The NDP has always been the only party that consistently listens and best represents the needs of working people across this country. It is New Democrats, led by Jagmeet Singh, who would govern for the many.

On Oct. 21, Ontarians have an opportunity to set Canada’s government on a path that will ensure an economy that works for everyone, that will tackle the climate crisis by regulating Canada’s largest industrial polluters, provide head-to-toe health care: pharma care, mental health care, and dental care for all, and tackle wealth inequality by applying a 1 per cent tax on fortunes over $20 million, raising billions for public services.

It is time to elect a government that puts equity and inclusion at the forefront.

Working people know how hard it is for families to make ends meet. Canada’s next government must ensure decent laws to stop the growth of precarious jobs that leave working people struggling to meet basic needs. The NDP has made a commitment to a $15 federal minimum wage and a living wage within their first mandate. The Canada-wide reality is that there are twice as many people working for minimum wage now as there were 20 years ago.

In the last 18 months, Ontarians have learned first-hand just how much social and economic damage a Conservative government can do.

Premier Doug Ford is well on his way to tearing apart the social safety net in the province. He is sacrificing the environment for profit. One of the first things the Conservatives did was to cancel the cap-and trade program. Then, they froze the minimum wage at $14 an hour. Cuts to public services just keep on coming: cuts to health care, cuts to program funding for kids with autism, cuts to education.

Many students have been left unable to graduate on schedule because their schools don’t have funds to deliver the courses they need. Many students, unable to pay tuition due to government cuts to post-secondary funding, have been forced to withdraw from university and college.

Andrew Scheer will govern Canada with the same philosophy as Doug Ford, and poses a threat to human rights as well — he has refused to retract his own homophobic comments, and has stood by candidates who hold right-wing extremist views.

The Liberal Party has also failed working people. As photos of the prime minister have shown, the Liberals do not always practice what they preach. They campaign left but govern right. The Liberals also lied about electoral reform, pushed Canada’s first Indigenous Attorney General out of Cabinet and their party, and made it clear they believe in one set of laws for corporations like SNC Lavalin but another for the rest of us. SOURCE

 

Jagmeet Singh says he ‘wasn’t joking’ on hoping Donald Trump is impeached

NDP leader unconcerned that hoping for Trump’s impeachment may imperil his relationship with U.S.


NDP Leader Jagmeet Singh tells the audience at his Victoria town hall that he was not joking when he quipped Thursday that he hopes U.S. President Donald Trump is impeached. (CBC)

NDP Leader Jagmeet Singh told a town hall audience in Victoria that he was serious when he said that he hopes U.S. President Donald Trump is impeached.

Asked Friday by CBC News if it was wise for someone running to be prime minister to joke, as he did the previous evening, that he hoped Trump would be impeached, Singh replied, “I wasn’t joking.”

The line garnered applause from the audience.

On Thursday evening, the NDP leader said he hopes Trump “gets impeached” when asked what would he say first to the U.S. president if he was prime minister.

“I hope he gets impeached before I get to speak to him,” said Singh, while hosting a town hall event in Nanaimo, B.C. “I say that a little tongue-in-cheek.”

Singh said it is “disgusting that the president could inflame hatred against people and be so divisive.”

“It’s horrible that someone in a position of power like him would allow for kids to be stripped from the arms of their parents, from their moms,” he said. “That needs to be denounced.”

Singh has already heavily criticized Trump for the U.S. government’s separation of migrant children from their parents in immigration detention centres at the U.S.-Mexico border.

“You can’t allow someone like that to do that without any sort of repercussion, without anyone else condemning that,” Singh said Thursday night. “And I condemn it.” MORE

‘Super-wealth tax’ to raise $5.6B in 1st year, Singh says during Hamilton NDP event

The Parliamentary Budget Officer estimates it would raise around $70 billion over 10 years


Jagmeet Singh met with residents at a Hamilton east end home and revealed more details about the NDP’s proposal of a “super-wealth tax.” (Martin Trainor)

Federal NDP leader Jagmeet Singh says a tax on the super rich would raise $5.6 billion that could be invested in health care and housing.

He spoke about the “super-wealth tax” and the funds it would raise Tuesday at a “kitchen table” event at an east end Hamilton home.

He said the Parliamentary Budget Officer crunched the numbers to estimate that the super-wealth tax would raise $5.6 billion in the 2020 – 2021 year, and anticipates that it would grow to around $9.5 billion by 2028 – 2029. Over 10 years, it estimated that this tax will raise almost $70 billion.

“If we put this super-wealth tax in place, we can raise the funds to put in place that medication coverage for all, we can invest in housing to make sure it’s affordable, we can make people the priority,” Singh said.

The super-wealth tax would include a one per cent tax on Canadians with fortunes over $20 million. It would be applied annually and include real estate, luxury items, and investments.

Singh said that this would apply to around one tenth of one per cent of Canadians.  MORE

 

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