For Canadians who endured an election that often felt like a stomach flu, here’s something to make everyone feel better: the overwhelming majority of MPs agree we need an income tax cut.
And, while Liberals and Conservatives may disagree on almost everything, income tax cuts should have them singing in sweet harmony. Conservative Leader Andrew Scheer promised to save families about $860 by cutting the lowest income tax rate from 15 per cent to 13.75 per cent. So it should be easy for Scheer to reach across the aisle and support the government.
Building the pipeline is an important step to create jobs and reconnect an alienated West, but it also comes with benefits for Trudeau. The Canadian Taxpayers Federation ran the numbers and the lack of pipeline capacity cost Ottawa $6.2 billion in lost revenue during the past five years with losses continuing at the rate of $3.6 million every day. With Trudeau projecting chronic deficits, capturing that lost revenue matters.
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