The Liberals Taxing Policies By Jamie Golombek

The article “The Liberals’ taxing policies: What they will mean to you and when” by Jamie Golombek, basically summarizes some aspects of the taxing policies campaigned by the liberals in the 2015 election. This article talks about how the liberal party, if elected, plan to cut the tax rate for the middle income tax bracket best known as the middle class. The party plans to cut the tax rate from the current 22% to 20.5% for Canadians with taxable annual income between $44 700- $89 400.To make of for this middle class tax cut, the party also plans to increse the tax rate from 29% to 33% for the wealthiest one percent of Canada who have an anual income of over $200 00. The liberal party also intends to cancel income splitting due to how it does

First, lowering the tax rate for the middle tax bracket is a great way of supporting middle class families financially and since of Canada’s population is in this tax bracket, many will benefit from this tax cut. Also, raising the tax bracket for the wealthiest of Canada who only make up one percent of the Canadian population would give the middle and low class,t the rest of canada, a financial break. and this would not having a significant impact on the lifestyle of the one percent since they already make so much money, over $200 000 annually. As well, replacing the “Universal Child Care benefit” which is taxable, with the “ Canadian Child Care Benefit” which is tax free, will help Canadian families with young children who make up Canada’s future. By doing this, the liberals are investing into Canada’s future which is going to benefit Canadians in the long

Egalitarianism is a social and political philosophy that supports correcting inequalities in a society and promoting economic and social justice (Philosophy:Q&T, p.437). Like many other egalitarians, Karl Marx believe in the government’s intervention to redistribute wealth through taxing and reduce extreme differences between rich and poor (Philosophy:Q&T, p.337). Egalitarians believe that this promotes social and political equality and roughly gives people equal access to to basic social benefits like money, political influence, etc.. It is very that the liberals’ taxing policies coincide with egalitarianism, egalitarian belief and egalitarian philosophers. By cutting the tax rate for the middle income tax bracket, creating a tax free child care benefit and increase the tax rate for the wealthy the liberals are reducing the extreme difference between the rich and the others. This gives the middle and lower class better access to benefits that are easily accessible to the wealthy such as money, health care that is not covered by the government, etc.. Although egalitarians believe in social and political equality in an ideal society, none have ever proposed that there should be absolutely no difference in income or wealth of the members of this society.In the same way liberals’ are not