An argument for a tax-cut led recovery

An argument for a tax-cut led recoveryThe focus on the federal deficit has rightly been on the staggering scope of emergency spending, but there has been much less talk about the other big part of the equation: government revenues have plunged due to the economic shutdown. Indeed, the federal government’s July fiscal snapshot revealed that the government expects a steep drop…

Trudeau needs to turn off the emergency spending taps

Trudeau needs to turn off the emergency spending tapsAs Canada slowly begins to emerge from a pandemic-induced shutdown, a severe economic hangover persists: a $343 billion deficit as of early July’s fiscal snapshot. In reality, it is certain to be even higher by the time newly-minted Finance Minister Chrystia Freeland gets around to preparing a fiscal update in the fall. With a deficit…

Tough times ahead: what is Trudeau prepared to cut?

The federal government’s single biggest cost centre is the $51 billion it spends on salaries and benefits for its 368,000 employees

Tough times ahead: what is Trudeau prepared to cut?As Preston Manning used to say the last time the federal deficit was so big, when you’re in a hole the first thing to do is stop digging. Very soon now, the Trudeau government needs to put down its very large shovel. Getting Canada’s $343 billion federal deficit under control will be a daunting task.…

Juice the recovery by cutting taxes, getting out of the way

The best way toward economic recovery won’t be found in a pricey, jargon-filled federal government report

Juice the recovery by cutting taxes, getting out of the wayThe federal government is shopping for high-priced “big ideas” to restart the economy. But maybe what we actually need is a simple plan that could give a big break to every business in the country. Unsurprisingly, it turns out the government’s big-ideas-generating process involves putting out a $3.7-million tender to 20 large accounting firms, with…

Ottawa’s carbon tax hike out of step with global reality

Ottawa’s carbon tax hike out of step with global realityBy Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation Prime Minister Justin Trudeau has chosen to make life more expensive for Canadians by increasing the federal carbon tax by 50 per cent amidst the COVID-19 economic and health crisis. Meanwhile, governments around the world are moving in the opposite direction because hiking taxes during a…

With tough times ahead, MPs need to cut their pay

With tough times ahead, MPs need to cut their payAs we struggle to contain COVID-19, virtually everyone is paying the price while the economy faces an unprecedented storm. Many members of Parliament are sharing in that sacrifice by donating their automatic pay raise to charity. The rest need to follow that example. And all MPs need to take the next step. Nearly six million…

Canadians need help now – so cut their taxes

Tax relief is instantaneous. Money is simply left in the hands of those who need it. There’s no application to be processed

Canadians need help now – so cut their taxesAs Canadians stay home to keep their communities safe in the midst of the coronavirus crisis, millions of people are out of work and countless businesses have closed their doors. It’s an unprecedented situation. Never before have governments deliberately put their economies into a coma in order to fight a health pandemic. And with the…