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“Child care benefit should not go to rich families”

Posted in Canada, Talking Politics

Published on July 24, 2015 with No Comments

The Liberal leader Justin Trudeau has expressed that it’s wrong to give the benefit to wealthy families that don’t need help raising their kids. And to underscore that point, he’s going to give his own family’s windfall to charity. With three young children, one under the age of six, Trudeau is entitled to collect annual UCCB payments of about $3,400.

Child care benefits should go to families who need the help, “not families like mine or Mr. Harper’s,” Trudeau told media. “When it comes to child benefits, fair doesn’t mean giving everyone the same thing, it means giving people what they need,” he added.

On the same principle, Trudeau has previously promised that he and his wife won’t take advantage of the Conservatives’ newly introduced parental income splitting scheme — forgoing some $2,000 in potential savings on his family’s annual income taxes.

Should the Liberals win this fall’s election, Trudeau has promised to scrap income splitting for couples with children, a measure worth more than $2 billion which many experts have said would benefit primarily the top 15 per cent of income earners. He has promising to plow that money, and more, into a single, new, tax-free child benefit. It would replace the UCCB and two other existing child benefits with what Liberals say would be more generous payments for most parents than what they currently receive from the Conservative government.

Trudeau said he actually agrees with the Conservatives that boosting child benefits will help stimulate the sluggish economy but he fundamentally disagrees with their insistence that all families, regardless of income, should get the same amount.

Under the Liberal proposal, benefits would be gradually reduced for families with incomes of more than $150,000, and cut off entirely for those with incomes over $200,000.

“We’re choosing to do more for the people who need it by doing less for the people who don’t,” Trudeau said. “Our plan is progressive.”

He stressed that the Liberal benefit would also be tax-free, not clawed back through income taxes like the UCCB.

 

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