Wednesday, September 20, 2017

NDP leadership candidates' economic policies are all far left and crazy

Angus
  • Raise federal minimum wage to $15 an hour and index to inflation
  • Increase maximum amount for Working Income Tax Benefit and make it available to more low-income earners, including full-time workers. Allows those living in poverty to keep up to $1,000 of their money to spend on essentials (rent/food)
  • Increase parental benefits to 70% of their salary up to the maximum insurable earnings.
  • Reduce number of hours required for EI eligibility from 900 to 360
    • http://www.charlieangusndp.ca/a_better_deal_for_the_new_working_class

    Ashton
  • Eliminate interest on debt of those who've taken out from Canada Student Loans and won't be required to make any repayments until they make at least $50,000 a year, up from current $25,000
  • Basic universal income
  • http://www.nikiashton2017.ca/economic-justice-justice-economique/
     
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    Caron
    • Raise federal minimum wage to $15 an hour
    • Investing in a Job Action Plan to fund the large-scale job creating infrastructure projects required to transition to the green and automated economy. These investments total $90 billion over a 10 year period:
      • $32 billion into new renewable energy production and technologies(solar, wind, geothermal)
      • $30 billion to retrofit buildings into Green Buildings and identify energy efficiencies
      • $18 billion for public transit expenditures, to reduce both personal emissions and overall transportation emissions
      • $10 billion for Higher Speed Rail Transport, to take more cars off our roads and highways.
  • Update Canada Labour Code to replace 8-hour workday w/ 7-hour workday
  • Reduce number of hours required for EI eligibility from 900 to 360
  • Allow workers who lose their jobs due to the transition to get full Canada Pension Plan (CPP) benefits starting at age 60, w/ out penalty
  • Increase corporate tax rate from 15% to 19%
  • increase the inflation target from its current level of 2% to 4%
  • Basic universal income
  • http://en.guycaron.ca/workers_first
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            Singh
          • Raise federal minimum wage to $15 an hour and index to inflation
      • Immediately extend proposed ban on unpaid internships to require that interns working for federally-regulated employers as part of an academic program be paid
      • Make 2 new tax brackets for Canadians making $350,000 and $500,000 respectively that are 2%(35%) and 4%(39%) higher than current marginal rate
      • Increase capital gains inclusion rate from 50% to 75%
      • Implement a 40% estate tax on assets in surplus of $4 million. Primary residences will be exempt
      • Increase corporate tax rate from 15% to 19.5%
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