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Old December 18th, 2017, 06:13 PM   #1
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Trudeau breaks his promise on carbon pricing

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Prime Minister Justin Trudeau misled Canadians when he promised his national carbon pricing plan would be revenue neutral for the federal government.

As a report by the independent, non-partisan Parliamentary Budget Officer Jean-Denis Frechette confirmed Tuesday, Trudeauís government is already raking in hundreds of millions of dollars annually from provincial carbon pricing, even before his mandatory national carbon pricing plan kicks in next year.

Thatís because of the 5% federal Goods and Services Tax, a broad-based consumption tax charged to the final amount of goods and services.

Because carbon pricing, regardless of whether done through a carbon tax or cap and trade, raises the cost of goods and services, the application of the GST to those higher prices provides Ottawa with an entirely new revenue stream.

Thus, when Trudeauís national carbon pricing plan kicks in next year, his government will, in short order, be raking in billions of dollars from carbon pricing.

As Conservative MP Mark Warawa and several provinces have rightly noted, that flies in the face of Trudeauís promise his national carbon price will be revenue neutral for his government. To make it neutral, Trudeau would have to use these new revenues from carbon pricing to lower other federal taxes on Canadians, so that the net effect on government revenues is zero.

He has given no indication he will do this.





GOLDSTEIN: Trudeau breaks his promise on carbon pricing | Toronto Sun
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Old December 18th, 2017, 06:49 PM   #2
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Taxes seldom if ever get repealed; especially in a socialistic society.
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Old December 18th, 2017, 06:50 PM   #3
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Old December 18th, 2017, 06:54 PM   #4
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