Alternative Federal Budget 2016: It’s time to move on

The following remarks are excerpted from the 2016 Alternative Federal Budget press conference, featuring Kate McInturff, David Macdonald and Peter Bleyer (March 10th, Parliament Hill).  Budgets may appear to be dry, technical financial documents. In fact budgets are the product of values and they contain some of the most important choices…
Read more

Reviewing the TPP: Trudeau’s best-case scenario

In the final days of the federal election, with the Liberals leapfrogging over the NDP on an ostensibly progressive platform, one question dogged Trudeau to the end: what was his position on the recently completed Trans-Pacific Partnership trade agreement (TPP)? We still don’t quite know the answer, though we may…
Read more

Trust and confidence: Post-election cooperation in parliament

It seems increasingly likely that none of the federal parties will win enough seats on October 19 to form a majority government. Broadly speaking, this leaves two possibilities: a minority or a coalition government. Both options demand cooperation and compromise between our parliamentarians—and both may offer many advantages over a…
Read more

Questions for the Munk Debate on foreign policy

Tonight’s Munk Debate on Canadian foreign policy promises to “provide the public with important insights into how our next prime minister will defend and project Canada’s interests and values on the global stage.” Debate moderator Rudyard Griffiths told the Globe and Mail that given the “totally new context and reality”…
Read more

Questions for the Leaders’ Debate on the economy

The economy is one of the most critical ballot-box issues facing Canadian voters this election. Tomorrow evening, federal party leaders will debate each other’s positions on the economy during The Globe and Mail Leaders’ Debate 2015—an event sponsored by the Globe and Mail, in partnership with Google Canada and CPAC. Organizers say…
Read more

Small taxes, big loopholes

A longer, more detailed version of this post is available on the Progressive Economics blog. Small business taxes made the news last week during a CBC interview when federal Liberal leader Justin Trudeau suggested many business owners are using the small business tax rate as a de facto in-country tax…
Read more

Canada’s failed experiment with corporate income tax cuts

According to many mainstream (neoclassical) economists, cutting corporate income tax (CIT) rates is wise public policy. By reducing the cost of capital, more of it will be supplied, and because investment is a key driver of growth, reducing CIT rates leaves firms with more after-tax income to plough into growth-expanding…
Read more

Outrageous claim of a ballooning tax bill

“The total tax bill, which includes all types of taxes, has increased by 1,886% since 1961,” concludes the Fraser Institute in its 2015 Canadian Consumer Tax Index. Even if the estimation is sound (a big “if”), the tax surge can only be true when inflation is totally ignored. It’s a…
Read more

The facts on Canadian health care can’t be Trumped

Of all the outrageous things U.S. Republican presidential candidate Donald Trump has said this summer, trust the Fraser Institute to single out his only accurate observation, that “single payer [health care] works in Canada.” In an August 11 op-ed in National Newswatch, the institute’s Jason Clemens and Baccus Barua argue…
Read more