National Newswatch

Canada’s Deficit Hawks Should Take a Valium

Feb 22 2021 — Andrew Jackson — In the run-up to the federal budget, Canada’s deficit hawks are circling again. Last week, the Globe and Mail and the National Post gave prominent coverage to a report from the C.D. Howe Institute’s Fiscal and Tax Working Group. The report sounded the alarm over high and mounting government deficits even as the pandemic and […]

Parsing Pierre Poilievre

Oct 19 2020 — Andrew Jackson — Conservative finance critic Pierre Poilievre is not known for subtlety and under-statement, but his recent attack on the Bank of Canada barely counts as rational even among right-wing pundits. On October 15, Poilievre accused the Bank of Canada of being “an ATM for Trudeau’s insatiable spending appetites” and alleged that monetary policy was becoming ideological […]

Corporate Bailouts or a Long Term Post COVID Strategy?

May 12 2020 — Andrew Jackson — The federal government has just announced a new program to expand loans to struggling non financial corporations – the Large Employer Emergency Financing Facility. It’s role  deserves serious debate. The entirely legitimate intent is to save threatened jobs with Canada’s largest employers due to the COVID-19 crisis. Clearly, some corporations face huge financial losses which […]

Liberal Income Tax Cut Costs a Lot, Accomplishes Little

Jan 30 2020 — Andrew Jackson — A new report from the Parliamentary Budget Officer shows that the personal income tax cut proposed by the Trudeau Liberals will cost more in terms of lost revenue than first thought, and will strongly favour high income earners and families. The Liberal tax cut promised in the election took a major leaf out of the […]

And the Liberal Priority is: Tax Cuts?!

Oct 24 2019 — Andrew Jackson — Even by Liberal standards of chutzpah, it came as a bit of a surprise. Just two days after being reduced to minority government status with an historically low share of the vote, Prime Minister Trudeau said that he would closely consult with the other parties. But, he added, he would make a personal income tax […]

Green Fantasy Land

Oct 2 2019 — Andrew Jackson — The Green Party platform is full of good intentions.  It calls for robust measures to address catastrophic climate change while also tackling major social challenges such as big gaps in our public health care system and the lack of affordable housing.  These are indeed laudable priorities. The problem is that the plan just not add […]

Taxing Wealth to Create a More Equal Canada

Sep 17 2019 — Andrew Jackson — As part of a broader fair tax agenda, Jagmeet Singh and the federal New Democratic Party have proposed a wealth tax, to be applied at a rate of 1% on wealth above $20 million.  This is intended to generate new fiscal resources from those who can well afford to pay more, to invest in equality-promoting […]

Federal Budget 2016: A One Time Fix?

Mar 22 2016 — Andrew Jackson — The Budget reinvests significantly and appropriately in many important government programs broadly in line with the promises made in the Liberal platform. However, it falls short in some important areas, and the biggest failure is to restore federal fiscal capacity to support improved social programs and public services over the long term. The bottom line […]

Fair Taxes Need to Fill Budget Hole

Nov 20 2015 — Andrew Jackson — The Economic and Fiscal Update released Friday shows that the status quo deficit in the next fiscal year of 2016-17 will likely be $3.9 Billion compared to the surplus of $600 Million assumed by the Liberals when they calculated their fiscal plan. That means that the new government has a big hole to fill, some […]

Progressives Can be Proud of the Alberta Budget

Oct 30 2015 — Andrew Jackson — Canada’s right-wing have fiercely denounced the Alberta NDP government’s first budget for its failure to deeply cut spending on social programs and public services so as to balance the books. The Fraser Institute has even gone so far as to claim, absurdly, that the large Alberta deficit of $6.1 billion this year is due to […]

How to cure our economic funk? Boost investment

Sep 3 2015 — Andrew Jackson — Statistics Canada data confirm that the Canadian economy shrank in each of the first two quarters of this year, meeting the Harper government’s own definition of a recession as set out in its balanced budget legislation. The appropriate federal government policy response is to boost both private and public investment.