The federal debt-to-GDP ratio will reach 51.2 per cent, the highest level since 1999.
Blog - Fraser Forum
The plan includes a “carbon price” between $20 per tonne and $50 per tonne on fuels.
At 79 per cent, Canada had the fastest growth in its debt-to-GDP ratio in the G-7.
Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21.
The president wants to increase the federal corporate tax rate to 28 per cent.
By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues.
Even though the vast majority of Americans never lost their jobs, politicians sent stimulus money directly to most households.
Progressive economists sought to exclude “unfit” workers—mostly women and minorities—from the labour market.