Liberal members approve universal basic income during convention

DM

Members of the Liberal Party of Canada have endorsed a resolution calling on the federal government to develop and implement a universal basic income. The resolution was co-sponsored by the Liberal caucus and passed by a vote of 491-85 at the Liberal party’s virtual convention. It will automatically become official party policy. Other resolutions that were passed during the convention include national standards for long-term care homes, a national pharmacare program and a “green new deal” which calls for a “just and fair” to transition to net-zero carbon emissions by 2050. According to a recent report by the Parliamentary Budget Office (PBO), introducing a universal basic income (UBI) would cost the government over $85 billion and raise taxes on the middle class. The PBO’s report estimates that providing a universal basic income would cost $85 billion if introduced this year, or approximately 25% of the federal budget. While providing benefits to the poorest 40% of Canadians, the report found that the top 60% of households will actually lose money as the government would raise taxes and cut other benefits to provide UBI.

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