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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2015-01-27 16:26 [p.10709]
Mr. Speaker, I thank the hon. member opposite for his question but I disagree 100% with the premise.
All of the calculations show that income splitting would disproportionately benefit Canadians at the very top of the income distribution. This benefit would go to the 15% of Canadians who least need it. Therefore, as a matter of economic fairness, income splitting is a really bad idea.
As a matter of sound economic policy it is a really bad idea too, because what we are learning about economic policy is that if we do not focus on growing the middle class, we will have slowing economic growth. If the middle class does not have the income to purchase, we have an economy that is stalled. An economic policy like income splitting that benefits the top is a policy that also has an adverse impact on GDP.
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