FOR IMMEDIATE RELEASE
APRIL 15, 2015
NDP WILL REDUCE TAXES FOR WORKING CLASS AND MIDDLE CLASS FAMILIES
CHARLOTTETOWN, PE – NDP Leader Mike Redmond will raise the Basic Personal Exemption to $10,000. Redmond’s plan will save the average Islander an estimated $225 per year.
“Under Liberals and Conservatives, PEI has had the lowest Basic Personal Exemption in the country,” said Redmond. “Working families and middle class Islanders deserve a break – and the NDP will fight on their behalf.”
At $7,708, PEI has the lowest Basic Personal Exemption among Canadian provinces. New Democrats would raise the amount to $10,000 over the next two years, while introducing a gradual phase-out of the deduction for those making $150,000 to $250,000 per year. Over 80,000 islanders would benefit from this policy – at approximately $225 per year.
“For a lot less than one Liberal scandal, we could give 80,000 Islanders a break on their taxes and eliminate provincial income taxes for the working poor in PEI,” said Redmond. “That’s what this election comes down to, do we give another blank cheque to the Liberals, or do we give New Democrats a voice to fight for Islanders?”
For more information, please contact:
Kia Najafi, Campaign Director, 902-940-4842 or [email protected]