Economy Budget

The 2016 middle class tax cut combined with the new 33% tax bracket will be revenue neutral.

Liberal Document Page 9 May 4, 2015
Dec 2015

Liberals accused of breaking vows as key income-tax pledge passes through House

National Post December 10, 2015

The Liberals faced accusations of broken election vows Wednesday as their centrepiece pledge to raise taxes on the biggest income earners, while cutting them in a lower bracket, passed the House of Commons.

This comes after the Liberals told voters the headline change in that package - the income tax cuts and increases - would be revenue-neutral.

Earlier this week, the government acknowledged the $1.2-billion shortfall.