NDP releases platform with new wealth tax ahead of expected federal election call

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NDP releases platform with new wealth tax ahead of expected federal election call
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Includes a one per cent tax on wealth over $10 million, a two\u002Dpoint tax hike on income over $210,000, as well as a tax on Big Tech

Asked at a press conference in Newfoundland about the new document’s similarity to the party’s 2019 platform, leader Jagmeet Singh said he thinks the promises will resonate more with Canadians after the past year and a half.

“We know that the billionaires of this world are not paying their fair share. They’re spending their time up in space going on luxury rides in rocketships. People want to see them pay their fair share so that we can invest in the things people need, and that’s what we’re going to do.” Singh said the party’s promises on student debt, climate, mental health and affordability will connect with younger Canadians. “Young people have been hit by this pandemic in a way that’s impacted them much more than many other demographics,” he said.Article content

The NDP is promising to remove interest from federal student loans, double non-repayable student grants and introduce a debt forgiveness program that would forgive up to $20,000 in student debt, which it said would wipe out 20 per cent of student debt in its first year.

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