Who Benefits From the Conservative Tax Cut Promises?

Today the Canadian Centre for Policy Alternatives (CCPA) released a new analysis finding that high-income families will receive a disproportionate share of the benefits from the Conservatives' tax-cut promises.

The report, Standing Up For Which Families? Who Benefits From the Conservative Tax Cut Promises, by CCPA Research Associate Sheila Block and CCPA Senior Research Economist Ellen Russell, is available through the CCPA website. A news release summarizing the report's key findings is also available on the CCPA website: http://www.policyalternatives.ca

From the CCPA news release:

"According to Standing Up For Which Families? Who Benefits From the Conservative Tax Cut Promises, by CCPA Research Associate Sheila Block and CCPA Senior Research Economist Ellen Russell, the 5.4% of families earning over $150,000 a year will receive 27.9% of the benefits from the Conservatives' tax cuts modelled in the report, an average of over $2,010.

Almost half of Canadian families (48.6%) earn less than $40,000, yet they will receive only 20.3% of the benefits of the Conservative tax cuts, an average of just over $163."

The CCPA study concludes with a proposed redesigned tax package that demonstrates how the Conservatives could more effectively and efficiently lower taxes for low- and middle-income families.

For more information, see:
http://www.policyalternatives.ca