For a tax-cut led recovery
Pie-in-the-sky, government-directed stimulus is enormously expensive, and simply doesn’t work
By Canadian Taxpayers Federation -- Aaron Wudrick, Federal Director—— Bio and Archives--September 8, 2020
Canadian News, Opinion | Comments | Back To Full Article
The 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 in both personal and corporate income tax revenues, along with the catchall category “other revenues” which account for a whopping $71 billion of the projected $343 billion deficit.
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