More than 60 per cent of families in the bottom 20 per cent pay higher income taxes today because of the discontinued tax credits.
The government increased income taxes for more than 80 per cent of middle-income families.
This year's combined projected federal and provincial government deficits total $315.2 billion.
The top 10 per cent of earners earned 30.6 per cent of all income in Canada but paid 38.1 per cent of all taxes.
The federal government and three provinces—Ontario, Manitoba and Alberta—are expected to run budget deficits this year.
Since 1996, the number of federal tax expenditures has increased by 32 per cent.
Geese don’t lay golden eggs unless they get to keep some of them.
"Work and thrift are the only sure roads to success."
In reality, 81 per cent of middle-class families now pay higher income taxes.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.