Leaders argue over how to pay for promises as voters head to advance polls
OTTAWA — The fifth and final week of the federal election campaign kicked off Sunday with the Liberals and New Democrats each questioning whether their opponent’s plan to pay for the billions of campaign spending promises was based in reality.
The New Democrats are promising a far-ranging plan to create social programs like pharmacare and dental care through $214 billion in new spending over five years.
NDP Leader Jagmeet Singh is vowing to pay for some of it by raking in $166 billion in new revenues by taxing the super-rich and ultra-profitable corporations.
The numbers are far higher than those in the Liberal platform, which similarly proposes new taxes like raising the corporate rate levied on bank earnings over $1 billion to help fund programs intended to boost recovery from the COVID-19 pandemic.