• PBO report shows wealth tax could cost taxpayers $60 billion over five years • Trudeau government’s deficit spending would go through the wealth tax revenue in one month
OTTAWA, ON: The Canadian Taxpayers Federation is calling on the federal government to rein in spending to tackle the deficit in light of a Parliamentary Budget Officer report that shows an extreme wealth tax would not cover the budget gap.
“Politicians’ eat-the-rich mentality is just silly political posturing,” said Franco Terrazzano, Federal Director for the Canadian Taxpayers Federation. “The PBO data shows that the Trudeau government’s deficit spending would burn through the extra cash in about a month, so if the feds don’t start saving money, it will be everyday Canadians that get clobbered by the debt tab.”