NDP Leader Jack Layton stepped aside at a campaign stop in Toronto to allow candidate Paul Summerville to lay out the New Democrats' tax policy.
Summerville is a former chief economist with RBC Dominion Securities and managing director of TD Bank. He is running for the party in the Toronto riding of St. Paul's.
"Nobody gets a tax hike. The federal government has enough money to do its job," Summerville said at the start of the second week of campaigning for the Jan. 23 election. "It doesn't need to raise taxes, so we won't."
NDP Leader Jack Layton introduces candidate Paul Summerville in Toronto, Monday.
The federal government needs to set better priorities with the tax revenues it has now, the party's news release says.
The party would also fight to scrap the corporate tax cuts that the Liberals took out of their budget last spring but reintroduced in the fall fiscal update.
"The broad-based corporate tax cuts ... will not deliver the productivity gains promised," Summerville said. "They are wrong-headed."
The NDP would support lowering personal taxes, he said, by keeping the increased basic personal exemption and decreased lowest personal income tax rate announced in the Liberals' November announcement.
The NDP would rather invest in education, health care and cities than in cutting taxes, Summerville said.
