(A)n NDP government will close the tax loophole currently enjoyed by CEOs on stock options. Those funds would be re-directed to low-income families through an enhanced Working Income Tax Benefit and an enhanced National Child Benefit Supplement.So to anybody else purporting to compare the NDP and Lib plans when it comes to progressive taxes on the wealthy and fighting child poverty: if you're failing to take into account a billion-dollar idea aimed squarely at both, you're missing the boat.
“This will be a dollar-for-dollar transfer in benefits from those who need it the least – to those who need it the most,” added NDP Leader Tom Mulcair. “Helping families out of poverty and into the middle class is good for our social fabric, as well as supporting a vibrant economy – and that’s good for Canada.”
This move will be a meaningful step towards reducing income inequality in Canada and will contribute towards getting families and children out of poverty and into the middle class.
[Edit: fixed typo.]