The 2018 Alternative Federal Budget (AFB) delivers a roadmap to where the country could be on the eve of the next federal election, if the government moves forward with bold action to deliver a progressive economic plan that leaves no one behind. If implemented, the 2018 Alternative Federal Budget: Getting There will reduce income inequality, lift close to a million people out of poverty, close unfair and expensive tax loopholes, and create 600,000 jobs while locking in the unemployment rate in the five per cent range.
The AFB plan:
- Boosts direct transfers to low-income families in ways that would lift 600,000 children and adults out of poverty and reduce child poverty by roughly a third;
- Eliminates all fossil fuel subsidies and creates a Just Transition Fund to help ease energy sector workers into new roles in a fully green economy;
- Tackles historic under-investment faced by First Nations communities through a $9-billion investment this year in urgently needed infrastructure, clean water, education and health care on reserves;
- Acts immediately to implement pay equity legislation and invests heavily in child care so women’s labour is no longer discounted as a result of discrimination;
- Slashes senior poverty rates by 30% by increasing the Canada Pension Plan income exemption for the Guaranteed Income Supplement by $3,000 and boosting the top-up amount by $1,000;
- Accelerates the national carbon price to reach $50 per tonne by 2020, while investing in training, apprenticeships and green infrastructure.