Canada's NDP

NDP

April 18th, 2024

MP Mathyssen Asks To Work Together To Increase The Corporate Tax Rate

Mr. Speaker, I was really quite happy to hear the member talk about the fact that the government is not actually making the ultrarich pay their fair share. That is fascinating. I do agree that in terms of what we are seeing in this budget, it certainly does not go far enough. The increase of the inclusion rate for capital gains simply is not enough. New Democrats have been calling for an increase of the excess profits tax, the corporate book tax and other taxes.

Would the member be willing to work with New Democrats, and maybe put forward an amendment, to ensure that the government, within this budget, would actually increase the corporate tax rate, like what we are seeing in the states, so that we are competitive as opposed to being the lowest in the OECD?