by Angus Reid | November 23, 2018 4:19 pm
Trudeau’s big gamble. Prime minister rolls dice on spending. Government’s deficit double-down.
Choose whichever casino-related analogy you like, but this week’s announcement of deficit-inflating tax cuts aimed at stimulating business investment does indeed represent a risk, based on three things.
First, whether – and for how long – these new tax write-offs allowing manufacturers to recover expenditures on new equipment and green energy will actually bolster the Canadian economy. Second, what happens with growth in Canada in the near to medium future. And third, how voters feel about it all.
The Liberal premise is clear: In the wake of significant cuts to business tax rates south of the border, the federal government felt the need to act to stay competitive and keep investment here. But will these actions provide a shot in the arm to the Canadian economy?
For the rest of this piece, please view it on the Ottawa Citizen’s site, where it was initially published.
Source URL: http://angusreid.org/the-battle-over-balanced-budgets-could-leave-trudeau-with-a-voter-deficit/
Copyright ©2019 Angus Reid Institute unless otherwise noted.