VANCOUVER – The Liberal party now has a minority government and will likely act fast to try to deliver on some of its election promises. The party’s election platform packed with promises will cost about $78 billion over the next five years.
According to the prime minister, the big ones are health, housing, child care and efforts to combat climate change. If you have taken the time to read the long listed document, you may have come away wondering how the government plans to pay for all those initiatives because there is a lot to chew on. “It’s almost as if that they think that we’ve gone to a buffet restaurant and they can invite everybody in and we can all eat as much as we want and the service staff will never bring us the bill,” said Kris Sims, B.C. director of the Canadian Taxpayers Federation.Prime Minister Justin Trudeau’s Liberals plan to go after the rich and tax the banks.“Where do you think the banks are going to get that money from?” asked Sims.
Her point is valid. Often times when companies have to pay more, they find a way to balance out the books, either by increasing fees and surcharges on consumers or by laying off staff.
Liberal promises to tackle the myriad issues facing Canada will require support from the NDP, which could lead to even higher spending. The NDP’s planned vision for the country was estimated to cost about $214 billion,……
Source: bc.ctvnews.ca
