Ottawa can’t finance large spending programs by only taxing upper-income families, eventually middle class must also pay
No Free Lunch for the 99 Per Cent: Estimating Revenue Effects from Taxes on Top Earners
By Fraser Institute —— Bio and Archives--April 6, 2022
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—If the federal government, which plans to table its next budget this week, wants to fund a major expansion of government, it simply can’t raise enough tax revenue solely from Canada’s upper-income families, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“To generate sufficient revenue to significantly increase federal spending, Ottawa must raise taxes on Canadians across a broad income spectrum, not just top earners,” said Ben Eisen, senior fellow at the Fraser Institute and author of No Free Lunch for the 99 Per Cent: Estimating Revenue Effects from Taxes on Top Earners.
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