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NDP would take from corporate executives, give to working poor, kids

NDP Leader Tom Mulcair speaks with the media following caucus in Ottawa on March 25, 2015. Tom Mulcair says an NDP government would take tax benefits from those who need them least and give them to those who need them most.
NDP Leader Tom Mulcair speaks with the media following caucus in Ottawa on March 25, 2015. Tom Mulcair says an NDP government would take tax benefits from those who need them least and give them to those who need them most. THE CANADIAN PRESS/Adrian Wyld

OTTAWA – Tom Mulcair says an NDP government would take tax benefits from those who need them least and give them to those who need them most.

The NDP leader is promising to scrap a tax loophole enjoyed by corporate executives on stock options, worth more than $700 million each year.

Mulcair says that money would be redirected, dollar for dollar, to low-income families by enhancing the working income tax benefit and the national child benefit supplement.

WATCH BELOW: Child poverty numbers sobering

Mulcair says the proposal is aimed at reducing the gap between rich and poor Canadians and eliminating child poverty.

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And he’s using it to call on “each and every progressive Canadian” to unite behind the NDP in the coming federal election, scheduled for October.

More than 25 years ago, Parliament unanimously endorsed a motion by then NDP leader Ed Broadbent to eradicate child poverty by the year 2000 – yet Mulcair says the problem has only worsened under Liberal and Conservative governments.