Justin Trudeau has lied throughout his campaign trail and his first two years as Prime Minister directly targeting the middle class.
Taxes are going up not only for the rich, but also for middle class, the promise to lower taxes for the middle class is a lie if the new proposed tax changes come through.
A new study by the Fraser Institute reveals that 80% of the middle class will now pay even more come tax time, thanks to the new tax changes.
Prime minister Justin Trudeau cut taxes for families with a total income of between $46,000 and $92,000, which would have been the case if the Liberal hadn’t lied.
Unfortunately, further reforms targeted those same middle class families and families with children, forcing them to pay additional taxes.
The study, which established the middle class as those households earning between $77,000 and $108,000 annually, found that the new tax changes will increase the middle class taxes by an average of $850 per household.
Lower middle class families with households income as little as $52,000 per year, are paying an extra $382 under the new tax changes. About 70% in this bracket are paying more than they had previously been required to pay.
The Fraser Institute study says the claims that the government has cut taxes for the middle class, which it has, but other changes to the tax laws cancel those cuts. They concluded that the changes not only prevent families from enjoying the cuts, but end up costing most households significantly more.
The major factor responsible for this situation was cutting the Family Tax Cut, which allowed couples with minor children to file individually and saved those families an additional $2,000. This was introduced by the conservative government and has placed an additional burden in working middle class families. The Trudeau government says that the Canada Child Benefit act, which replaces the Family Tax Cut, contributes $2 billion more to these families than the original program that it replaces.
Meagan Kozlovs is a reporter for Debate Report. She’s worked and interned at Global News Toronto and CHECX. Megan is based in Toronto and covers issues affecting her city. In addition to her severe milk shake addiction, she’s a Netflix enthusiast, a red wine drinker, and a voracious reader.