Liberal tax cut

1 post / 0 new
Sean in Ottawa
Liberal tax cut

Headliine:

Liberals’ income tax cut to cost more in lost revenues than planned, PBO says

"A report from the budget office this morning says the tax break will result in just under $21.5 billion in lost tax revenues through to March 2024, compared to the $18.9 billion the Finance Department reported in December."

This means that all people will have to pay through other increased taxes or reductions in services. If that were not bad enough:

"The report also suggests the biggest beneficiaries of the tax cut will be those earning between $103,000 and nearly $160,000 a year."

https://www.nationalnewswatch.com/2020/01/28/liberals-income-tax-cut-to-cost-more-in-lost-revenues-than-planned-pbo-says/#.XjBcmTJKiUl

You can expect Liberals to want to deflect attention on attacks on the NDP to make up for the fact that their tax cut was either incompetent or a fraud.