Ottawa just guaranteed we’ll all be paying higher taxes soon

The recent budget’s tax hikes won’t be enough to get us out of the fiscal mess the Trudeau Liberals have made with unrestrained spending and endless deficits, as Robert Asselin tells Brian. Asselin once advised Liberal finance minister Bill Morneau and is now with the Business Council of Canada. He says that with deficits becoming structural and interest on the debt now eating up massive amounts of revenue, the imbalance between spending and revenues is so out of whack that economic growth alone can’t save us. The only way out of disaster will be doing what the Liberals have tried to avoid: Whacking middle-class workers with higher taxes. (Recorded April 17, 2024)
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The recent budget’s tax hikes won’t be enough to get us out of the fiscal mess the Trudeau Liberals have made with unrestrained spending and endless deficits, as Robert Asselin tells Brian. Asselin once advised Liberal finance minister Bill Morneau and is now with the Business Council of Canada. He says that with deficits becoming structural and interest on the debt now eating up massive amounts of revenue, the imbalance between spending and revenues is so out of whack that economic growth alone can’t save us. The only way out of disaster will be doing what the Liberals have tried to avoid: Whacking middle-class workers with higher taxes. (Recorded April 17, 2024)

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