Mr. Speaker, almost two-thirds of people who max out their tax-free savings accounts earn less than $60,000 a year.
The Liberals believe that people who earn less than $60,000 a year are too rich and should be taxed more. The Liberals also want to cancel income splitting for families. That will increase taxes for about 50% of families with children. Finally, there is an enormous gap of billions of dollars in their plan. They will have to increase taxes even more than what they are calling for at this time to fill that gap.