Mr. Speaker, the Liberal leader's high-tax plan for the middle class just does not make any sense. The Liberal leader admits there will be a $2 billion hole. He also admitted that he would have to raise taxes on people earning less than $60,000 a year by cancelling their expanded tax-free savings accounts.
Economists also say that his proposed tax increases will not raise the money necessary to fund his expensive schemes. His numbers just do not add up. The only way to make the numbers work will be higher taxes on the middle class by taking away the tax-free savings accounts entirely and income splitting for seniors.
Canadians know that on this side of the House will protect middle-class incomes, while the Liberals will tax middle-class incomes.