The Liberal government remains committed to a misguided fiscal policy approach that spends borrowed money in the hopes of increasing prosperity.
Government Spending & Taxes
Planned tax will not significantly offset predicted future global warming.
Higher energy costs have helped drive Ontario’s anemic economic performance.
Demand-side forces are still at play regardless of the new tax on foreign buyers.
High marginal effective tax rates weaken the incentives for people to earn extra money.
Starting in 1995, Prime Minister Jean Chretien and Finance Minister Paul Martin reduced program spending, balanced the budget and cut taxes.
On health care, despite a high level of spending, Canadians have comparatively poor access to technology and doctors, and long wait times for surgery.
Alberta's provincial government has dramatically increased personal and corporate income taxes.
Alberta’s first-quarter fiscal update now expects the province’s operating deficit this year will be $10.9 billion.
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