Canada's NDP

NDP

September 14th, 2021

What does Trudeau think of Biden’s “unlimited zeal”?

On Sunday, Justin Trudeau said Canada is at the “limits” of what the ultra-rich and big corporations can pay. He attacked Jagmeet’s tax plan for going “with unlimited zeal against the successful and wealthy.”

But yesterday, US House Democrats proposed a nearly identical set of tax measures on a nearly identical budgetary scale as Jagmeet’s plan.

Biden’s plan would raise $3.6 trillion over 10 years, increasing annual revenues by about 8% a year – the same as Jagmeet’s plan. And both plans include:

  • Cancelling corporate tax cuts (by Harper and Trump)
  • Fighting tax havens and closing loopholes
  • Increasing taxes on the top income tax bracket
  • Taxing the super wealthy
  • Increasing capital gains taxes

Does Justin Trudeau still think the ultra-rich and big corporations are at the “limits” of what they can afford?