All This Liberal 'Getting Ahead' Is Making Us Broke
Episode Stats
Words per Minute
177.8346
Summary
Canadians can save up to $840 a year in a two-income family, but what does that really mean? And why does it matter if you're saving a lot or a lot less than you were 12 months ago?
Transcript
00:00:00.000
Hi, it's John and welcome to the channel 451 a.m. Sunday, December the 21st. I hope you're
00:00:09.200
having a great weekend. Four sleeps until Santa. Merry Christmas to you with the big blue mug of
00:00:15.060
coffee. Pleasure to have you here today. I do appreciate it. And it's an interesting time of
00:00:21.080
the year. If you're somebody who follows the news a lot, you'll realize that as we get closer to
00:00:25.860
Christmas and we get towards New Year's, that the news cycle slows down a little bit. It's kind of
00:00:30.400
the doldrums if you work in news, which I did for many, many years. The people at radio stations and
00:00:35.560
news places across Canada, around North America in general, will be looking for stories on what's
00:00:42.020
closed over the Christmas holidays and different events you can go to with your family. That's
00:00:46.400
kind of how the news progresses over the next week or so. The big news stories are dead, and I think
00:00:51.720
that's good. I think we can feel thankful that we don't have a lot of hard-hitting stories right
00:00:56.560
now, and let's hope that doesn't happen. If you're a conservative right now, as we approach the end
00:01:02.780
of 2025, and you look back at the year that was, it can be pretty depressing. So don't do that.
00:01:08.040
Better things are coming. Just think of it that way. But the other thing I think about is how has my
00:01:13.860
life progressed in the last 12 months? I think in our lifetime, we hope we progress every year. You have
00:01:19.000
ups and downs. I certainly have. There's been times in my life when I've been pretty damn broke.
00:01:23.840
I've been out of work. That's happened to me. But I feel I'm better off, certainly, than I was when I
00:01:29.060
was 20 years old. And I hope it's the same with you. But how have you done in the last 12 months? Do
00:01:34.060
you feel like you're getting ahead? And there's a reason why I'm using those words. Do you feel like
00:01:39.600
you're getting ahead when it comes to just 12 months ago? Because you were promised this year
00:01:47.280
by the government that they were going to help you get ahead. Here's Mark Carney and his finance
00:01:54.000
minister talking about that because they gave you a tax cut. That means bringing costs down.
00:02:01.340
That means helping Canadians to get ahead. Canadians will keep more of their hard-earned money
00:02:07.020
with a middle-class tax cut that will take effect by Canada Day, saving a two-income family up to $840
00:02:15.260
every year. We're empowering Canadians so that everyone can get ahead. Right after the election,
00:02:23.460
right after the election, we cut taxes for more than 22 million Canadians.
00:02:28.060
The first thing we did for Canadians was to reduce taxes for 22 million Canadians, Mr. Speaker.
00:02:34.200
We promised a middle-class tax cut, leading to over $800 of savings for two-income households.
00:02:42.660
How can we address how we can make life more affordable for Canadians? And in that, you know,
00:02:47.600
the measure we took to reduce the middle-class tax cut that we offered to Canadians was really
00:02:52.940
spot-on because what we've heard from families that help us to make life more affordable.
00:02:58.060
As part of that strategy, today I'm proposing a middle-class tax cut to help all working Canadians
00:03:04.920
I could have those clips go on forever. The Liberals are really helping you.
00:03:09.700
They're really helping you get ahead, folks. This is what they promised you. And the weasel words in there are,
00:03:17.040
you can save up to $840 a year in a two-income family.
00:03:23.860
And so that means anywhere from zero to $840 a year. And some Canadians are pretty damn close to zero.
00:03:29.080
I'm going someplace with this, folks, because things are going to get worse. In fact, let's do some math
00:03:35.860
on the screen here. Let's see if we can do this on the fly. Let me go over here like this.
00:03:39.940
Let's see if we can bring up a calculator. Okay. So where's the calculator? Here it is right here.
00:03:45.820
Let me grab and drag it over here. Okay. So let's say you're at the high end of getting ahead
00:03:51.040
from the Liberals. It's sad. I'm laughing, but it's sad. And you're at $840 a year. But remember,
00:03:59.120
this is over 12 months. Let's see how much you're saving a month. Okay. So let's divide it by 12,
00:04:04.860
which amounts to $70 a month. But we're talking two-income family here. So we divide by two.
00:04:10.820
So each person in that family is saving a whopping $35 a month. Now let me put this into perspective,
00:04:18.720
because it's always important to put things into perspective. Last night or yesterday was my
00:04:25.140
mother-in-law's birthday. She turned 89 yesterday. And we asked her, do you want to go out to a
00:04:30.180
restaurant or would you prefer having a home-cooked roast beef dinner with mashed potatoes, gravy,
00:04:35.400
carrots, and the whole thing at the house? And she wanted the roast beef dinner. And my wife went out
00:04:40.280
bought a modest-sized roast beef in Alberta, in beef country here, and it cost $50. The tax cut,
00:04:50.340
the getting ahead that Carney promised us, wouldn't pay for a full roast last night. We just don't eat
00:04:56.460
roast very much anymore. It's that expensive. It's become that expensive. Now, when it comes to
00:05:01.040
getting ahead, let's go over and find out what the poorest Canadians are doing. Because there's this
00:05:07.680
from Juneau News, the liberal tax cut gives poorest Canadians just $11 annually. That's less than a
00:05:15.040
dollar a month. There's four quarters. It amounts to about that much right there. And here's the thing
00:05:19.960
when it comes to the people who are hardest hit by inflation and high prices. They got screwed over
00:05:26.180
by people who don't have to worry about high prices and inflation back on April the 28th. The baby boomers
00:05:32.500
who have a pension and a paid-for home and don't worry about prices at all. Those people actually
00:05:38.380
screwed over their grandkids and the young people who are struggling right now as well, trying to buy
00:05:42.820
homes and just to buy groceries. And when it comes to grocery prices, are you even getting ahead? No. Prices
00:05:51.580
continue to rise. We've heard this. You see it every time you go to the grocery store.
00:05:56.600
Well, we begin this hour with breaking news on the cost of living crisis. A new report just into our
00:06:02.960
newsroom is revealing how much more Canadians are paying for food. If this feels familiar to you,
00:06:09.580
you're not alone. Walk in the aisles of your local grocery store, carefully picking produce and trying
00:06:15.080
to stick to a budget. But you can't escape the high price pinch. You might be feeling like you're
00:06:20.400
shelling out hundreds of dollars more for food than last year. And it turns out you're right.
00:06:27.580
This is some serious sticker shock right here. Canada's food price report 2025 estimates the
00:06:32.720
average family of four will spend more than $800 more on food this year in comparison to what they
00:06:39.480
spent in 2024. Boy, I just, I can't handle all this liberal getting ahead. How did we get here?
00:06:50.400
You know, it's just crazy. And the reason why I'm talking about this today is because
00:06:55.380
folks, if you think things are going to get better in 2026, because the liberals gave you a get ahead,
00:07:01.340
save up to $840 a year in a two income family tax break. You got another thing coming. Things are not
00:07:08.180
going to get better. God, 2026 is going to be a nightmare. Now this is an article from True North
00:07:12.980
Wire. Go over and subscribe to True North Wire and Juno. I owe these people. I'm going to do that
00:07:17.380
today. Damn it. They're going to get some of my money because they're doing good work. Now this
00:07:21.860
is from the Canadian Taxpayer Federation. Now for those of you who say, well, they're a right-wing
00:07:26.160
group. This is liberal legislation coming in in 2026 to help you get ahead. This is crazy. I'm going
00:07:31.920
to read a significant part of this, but you need to understand what the hell is going on here.
00:07:36.200
Okay. So Canadians can expect to pay more taxes next year. Get ready to pay more. The Canadian
00:07:41.640
Taxpayer Federation annual report on New Year's tax changes reveals that Canadians can expect higher tax
00:07:47.120
bills in the coming year. While the Kearney government cut the lowest income tax rate from
00:07:51.360
15 to 14 percent earlier this year, the average taxpayer will only save about $190. This is you're
00:07:58.680
getting ahead, according to the Parliamentary Budget Officer. This is the government, folks. A study
00:08:04.460
published earlier this year by the Fraser Institute found the average Canadian family lost 42.3 percent of
00:08:11.160
their income to taxes, costing them more than housing, food, and clothing combined, which only
00:08:18.200
amounts to 35.5 percent. You work almost half of your day and give it to the government. Isn't that
00:08:25.920
crazy? For example, a typical family earning $114,289 in 2024 paid $48,000 in taxes to all levels of
00:08:36.360
government in 2025. Are you getting ahead, folks? How are your services? Go get your health care
00:08:42.840
and stand in line for hours. It just keeps getting worse and worse, and you pay more and more and
00:08:47.380
more. There's some good news and bad news for taxpayers in 2026, said CTF Federal Director Franco
00:08:53.880
Terrazano. The federal government cut income taxes. That's you're getting ahead, folks, but it's hiking
00:08:59.160
payroll taxes. The government canceled the consumer carbon tax, but it's hammering Canadian businesses with a
00:09:04.920
higher industrial carbon tax. So they put money in one pocket and they take even more out of the
00:09:09.880
other one. That's what Franco is telling us here. According to the report, Ottawa will increase the
00:09:14.360
maximum mandatory Canada pension plan and employment insurance contributions for payroll taxes in 2026,
00:09:22.580
meaning an additional $262 next year for each worker. Ottawa's industrial carbon tax is going up to
00:09:31.180
$110 per ton. Alcohol taxes go up every year on April 1st. Canadians pay too much tax because the
00:09:37.900
government wastes too much money. And I immediately, when I read that in this article this morning,
00:09:42.560
I thought again of Ronald Reagan, the great communicator who said, the problem is not that
00:09:47.240
people are taxed too little. The problem is that government spends too much. And that's absolutely
00:09:52.480
true. And what Franco Terrazano will also tell you, and this is a stunning thing to think about,
00:09:59.320
and I always remember this. This is, this is Canada and you as a Canadian getting ahead, folks,
00:10:04.060
just paying the interest on our debt in this country is more than a billion dollars every week.
00:10:11.140
You could build a hospital every week on just the interest we pay on the debt we've got in this
00:10:17.720
country. And it continues to go up as do prices. I just can't handle all this getting ahead. How about
00:10:25.660
you? But just look at it this way. A new year brings renewal. We can look for something better
00:10:33.000
in 2026. And I, and I think, I think there's some good things coming down the line. At least I hope,
00:10:40.540
and I'm hopeful that that will happen. And I hope you have a great new year. There'll be more of these
00:10:45.180
coming before the end of the year, looking back, but I just wanted to find out how you were getting
00:10:50.800
ahead. If you are good for you, but I think most people, including myself this year, fell further
00:10:57.400
behind. And I do blame the liberals. Thanks for watching. I do appreciate it. If you like the video,
00:11:03.940
give it a thumbs up, subscribe to the channel, ring the bell for notifications. I wish you a Merry
00:11:08.340
Christmas. I tip the big blue mug to you and I'll see you in the next one.