Make the economy work for the middle class

FOR IMMEDIATE RELEASE

February 5, 2015

 

MAKE THE ECONOMY WORK FOR THE MIDDLE CLASS

NDP plan to boost jobs in manufacturing and small businesses 

OTTAWA – The NDP is putting forward an opposition day motion calling on the Conservatives to take immediate action to stimulate job creation and support the middle class. 

“A thriving middle class needs a diversified economy that leverages Canada’s strengths in traditional sectors like manufacturing and seizes new opportunities,” said NDP Industry critic Peggy Nash (Parkdale – High Park). “The right choices today will create middle class jobs and economic security for generations to come.” 

The NDP motion is as follows: 

“That the House call on the government to take immediate action to build a balanced economy, support the middle class and encourage manufacturing and small business job creation by: (a) extending the accelerated capital cost allowance by two years; (b) reducing the small business income tax rate from 11% to 10% immediately, and then to 9% when finances permit; and (c) introducing an Innovation Tax Credit to support investment in machinery, equipment and property to further innovation and increase productivity.” 

“Tom Mulcair’s NDP is ready to make the economy work for Canadians with a plan to kick-start manufacturing innovation and reduce taxes on small businesses,” said NDP deputy Finance critic Guy Caron (Rimouski-Neigette – Témiscouata – Les Basques). 

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For more information, please contact:

Kiavash Najafi, Press Secretary, 613-852-6186 or Kiavash.Najafi@parl.gc.ca 

http://www.ndp.ca/news/make-economy-work-middle-class