The first few days of the 2025 federal campaign bore a certain resemblance to a normal election. The norm-defying reality of Donald Trump finally intruded on Wednesday.
From Sunday through Wednesday, the major national parties rolled out a succession of proposals to cut taxes — the sorts of promises that have been made in election campaigns for as long as there have been taxes.
The Liberals went first, proposing to cut the lowest income-tax rate from 15 per cent to 14 per cent. A day later, the Conservatives proposed to drop the lowest rate to 12.5 per cent. The NDP countered yesterday with a proposal to raise the personal income exemption to $19,500 and remove the GST from certain “essentials” like energy bills and children’s clothes.
Different households would draw different benefits from these plans. But it’s also important to note by how much each would reduce federal revenues — …