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Decentralized Democracy

House Hansard - 218

44th Parl. 1st Sess.
June 21, 2023 02:00PM
Context: House Hansard - 218 - Jun/21/23
Mr. Philip Lawrence
  • Jun/21/23 8:42:37 p.m.
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Madam Speaker, the marginal effective tax rate for people making under $50,000 is more than 50%, so when the member is calling for tax hikes, he is hurting the most vulnerable. The reality is that in Canada the corporate tax rate is 12% and in the rest of the OECD it is 9%, which is 30% to 40% higher. Neil Brooks, NDP member and my law professor, said to me many years ago that corporations do not pay taxes, but workers, shareholders and employees do. Therefore, when the member wants to slash and burn corporations, he is hurting workers, and that is what the NDP desperately needs to understand.
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