GOLDSTEIN: Trudeau budget exposes another carbon tax failure

U.S. emissions were down 20% compared to 2005 levels in 2020, Canada’s only 9.3%.

As Bill Robson, CEO of Canada’s C.D. Howe Institute, told BNN Bloomberg last week in response to the Trudeau budget: “On the green tech stuff, I do have a problem with us being in a bidding war with the United States … They’re also in this kind of ‘tomorrow doesn’t matter, let’s spend for today’ mood with all their subsidies.Article content

“The difference in Canada is that we made a commitment early on that we were going to price CO2 emissions, the price on carbon, and that was supposed to be the policy that would clean up the economy in a more market-friendly way, without all the regulations, without all the targeted subsidies and so on, and now we seem to be getting both …This advertisement has not loaded yet, but your article continues below..

They said 80% of Canadians who pay the federal carbon tax end up richer because of carbon tax rebates. Last week, a new report by the Parliamentary Budget Officer said it actually makes 60% of Canadians who pay it poorer.Share this Story:

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GOLDSTEIN: Trudeau budget exposes another carbon tax failureIf Trudeau\u0027s carbon tax is the most efficient, market\u002Ddriven way to lower greenhouse gas emissions, why has his budget launched us into a 10\u002Dyear, $83\u002Dbillion, taxpayer\u002Dsubsidized, bidding war with the U.S. to attract so\u002Dcalled clean energy technology? Only that? You need glasses for sure, because the majority of the 'budget' is failure after failure. Such lavish expenditures, and raising taxes, is not a good move in our present situation. That budget screams of irresponsability. Does he know that nobody waves back?
Source: TheTorontoSun - 🏆 23. / 68 Read more »