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this post was submitted on 12 Jun 2024
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CanadaPolitics
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This is the best summary I could come up with:
Conservative Leader Pierre Poilievre said Tuesday his party will oppose the government's proposed capital gains inclusion rate increase — a tax hike that is projected to pull in roughly $19 billion in new revenue.
Weeks after the budget was tabled, Poilievre finally made his position known when he stood in the House of Commons to blast the Liberals' plan and their so-called "high tax agenda."
Poilievre's team also released a 15-minute social media video narrated by the leader to explain why the party is taking a stand against a policy that disproportionately affects wealthy people and big corporations.
The Canadian Medical Association has steadfastly opposed the inclusion rate increase, saying the tax hike will make primary care worse in a country where 6.5 million people already don't have access to a family doctor or nurse practitioner.
In his social media video explaining the party's stance, Poilievre said he doesn't support policies that could hurt the economy at a time when Canada's GDP per capita has slumped and growth has stagnated.
"With this tax hike, Canada's capital gains will be one of the highest in the advanced world so businesses, jobs and money will pour out of our country at an even faster rate," he said.
The original article contains 1,030 words, the summary contains 195 words. Saved 81%. I'm a bot and I'm open source!