this post was submitted on 05 Jun 2025
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The House of Commons unanimously voted in favour of the Liberals' promised income tax cut on Thursday.

The Liberals promised to bring in a one percentage point reduction in the lowest marginal tax rate — taking it from 15 per cent to 14 per cent — during this spring's election campaign.

The government introduced a "ways and means" motion to make the tax changes last week and all MPs voted in favour of the motion on Thursday.

A ways and means motion allows the government to start making changes to the tax code before such changes are passed in legislation — but a bill will still need to be passed.

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[–] mad_lentil@lemmy.ca 11 points 1 day ago

I would take a doubling of the current rate if they would implement voting reform - like they promised.

[–] cyborganism@lemmy.ca 41 points 1 day ago (1 children)

Great! Now increase it 1% for the top earners.

[–] CompactFlax@discuss.tchncs.de 20 points 1 day ago* (last edited 1 day ago) (1 children)

Yes, but to be faaaaiirrrrr, the truly rich don’t collect a salary. It is arguable that if a person’s income is subject to income tax, the person is not a capitalist but a worker. The rich have all kinds of ways to avoid declaring income.

[–] Tlaloc_Temporal@lemmy.ca 2 points 24 minutes ago

Capital gains tax or Land Value Tax would be more interesting.

[–] toastmeister@lemmy.ca 0 points 20 hours ago

Carney was talking about using AI to implement a type of DOGE system on top of the tax cuts, is this DOGE coming soon at least?

Surely we care about interest payments on our debt, and the lack of productivity its been creating in our economy.

[–] faxed@lemmy.ca -3 points 1 day ago (1 children)
[–] DriftingLynx@lemmy.ca 1 points 1 day ago (3 children)

I'm curious, what is it you're "boo"ing? 🤔

I mean the house doing anything unanimously makes me think hell has frozen over, but tax cuts are everybody's farvorite policy.

[–] brax@sh.itjust.works 1 points 3 minutes ago

Not mine - tax cuts means more hurting of services that we rely on. I'm all for tax hikes at the top and more brackets added at the top. Get some finding back into the things that have been so horribly choked out.

[–] mad_lentil@lemmy.ca 11 points 1 day ago

Really? I always thought it was the opposite. I'm broke, and even I know you need taxes to pay for all the large projects we all benefit from.

Obviously I don't want it going to Israel, or any of the bad things which are funded in my name, but on the whole the purchasing power of our tax base is greater than anything I could do individually with my portion.

[–] faxed@lemmy.ca 4 points 1 day ago (1 children)

tax cuts are everybody's farvorite policy.

Brainwashed by the wealthy

[–] HellsBelle@sh.itjust.works 1 points 1 day ago (3 children)

It's a 1% tax cut for the lowest percentile (poor people).

[–] brax@sh.itjust.works 1 points 2 minutes ago

Right, but they didn't move that 1% to the top bracket. So that's a whole lot of money disappearing from public services.

Which rich people still benefit from because of progressive taxation. Just saying.

[–] faxed@lemmy.ca 1 points 21 hours ago

poor people don't pay taxes