Mr. Poilievre has promised a personal income tax cut that would cost the federal treasury $7-billion in the first year and $14-billion a year by the time it is fully implemented in the third year. His proposal to defer capital gains taxes for investors who reinvest their money in Canada would cost $5.5-billion a year for two years. With all the other tax cuts and spending promises, it could easily add $15-billion or more to the deficit.
Now the Conservatives have to say what they would cut to avoid a ballooning deficit.
Mr. Carney also proposes a tax cut that would cost $6-billion a year – along with other targeted tax cuts and a series of spending promises. With all that, the operating budget will not balance itself in three years.
The Liberal Leader has made it clear that he is willing to run a deficit for capital spending, so increased expenditures on military equipment and infrastructure can mostly be placed in that column.
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And, of course, that’s the main reason they have waited this long before revealing the costs – because it means talking about cuts or deficits. That’s the last thing they want to tell voters.
BUT JUSTIN IS SPENDING US TO THE POOR HOUSE