Liberal tax cut

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Sean in Ottawa
Liberal tax cut


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."

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.