Four more years of Deficits if Pee Pee wins the elections. Of course he takes a chapter out of the Trump Fairy Tales Novel by blaming The Liberals for it:
The Conservative party released an election platform Tuesday that forecasts $100 billion in deficits over the next four years, along with billions of dollars in tax cuts and new revenues.
"Let's be clear. All of these deficits that we're talking about were inherited from the previous Liberal government," Conservative Leader Pierre Poilievre said at a press conference in Vaughan, Ont.
He said the Conservatives believe they can reduce the projected size of the deficit this fiscal year — $46.8 billion — to $31.3 billion through higher revenues and spending cuts.
The platform predicts $20 billion in revenue coming from counter-tariffs on the U.S. this fiscal year — a figure Poilievre said he borrowed from the Liberal government's own projections.
He has said previously that "almost every penny" collected from counter-tariffs should go toward tax cuts, with a small amount set aside to help people whose jobs are affected by the trade war, and that "none of the money" should go toward new government programs and spending.
In the Conservative platform document, that $20 billion in anticipated revenue is offset by around $11 billion in tax cuts and tariff relief measures this fiscal year.
"What I have committed to is redistributing that money to Canadians though tax cuts and through targeted aid to industries that are directly affected," Poilievre said Tuesday.
Poilievre also said previously he would implement dollar-for-dollar tariffs to match those imposed by U.S. President Donald Trump, and immediately seek to begin negotiations on the Canada-U.S.-Mexico free trade deal in order to put an end to tariffs.
The Conservative platform — the last of the major party platforms to be released — comes out after four days of advance voting and less than a week before the election.
It includes the party's pledge to reduce the rate of the lowest income tax bracket to 12.75 per cent from 15 per cent. It also says that tax cut is being phased in over four years — something Poilievre did not mention when he announced it earlier in the campaign.
The party projects the tax cut would cost just over $1 billion this year, rising to $13.6 billion in 2028-29.
Tax cuts over the four-year plan would cost $75 billion, the Conservatives said, while new program spending would total $34 billion. That is offset in part by $56 billion in spending cuts.
Poilievre said his plan would cut bureaucracy, government consulting and some foreign aid and "unleash a half-trillion dollars of economic growth" in the resource development and housing sectors.
The party projects a Conservative government would take in $12.8 billion in new revenue from increased homebuilding over four years.
Poilievre said that figure is based on a report that said the government collects around $70,000 in taxes from the construction of a new home. His party is promising to build 2.3 million homes.
The platform also projects an immediate economic boom triggered by its planned repeal of Bill C-69, the law that amended the Impact Assessment Act — a boom the party says would result in the government collecting almost $1 billion in revenue over four years.
The Tories are forecasting billions of dollars more in savings from repealing several Liberal climate policies, including the Clean Electricity Regulations, the electric vehicle mandate, the emissions cap on oil and gas producers and clean fuel regulations.
Liberal Leader Mark Carney accused the Conservatives of underestimating the cost of their platform. He said that if his party had "made the assumptions that the Conservatives did about growth in our platform, we'd be in a fiscal surplus in five years."
Carney told reporters the Tory plan is based on "phantom numbers" and doesn't account for the economic crisis expected to result from the trade war with the United States.
Poilievre said another four years of Liberal government would be too expensive for Canadians.
"Mr. Carney has not only maintained all of Justin Trudeau's debts, but he plans to add even more debt and even more spending," he said.
NDP Leader Jagmeet Singh accused the Conservative leader of having "a very tenuous relationship with the truth."
"I don't know where he's coming up with his numbers. They don't seem to be based in reality," Singh told a press conference in Vancouver on Tuesday.
Singh said that while he agrees the government should curtail its use of private consultants, the numbers he's seen suggest doing so would save Ottawa roughly $300 million.
Poilievre's plan calls for spending on "external consultants" to return to 2015 levels, and estimates that would lead to savings of $23.4 billion over four years.
Bloc Québécois Leader Yves-François Blanchet called the Conservative plan "hocus-pocus" on Tuesday and said both the Conservatives and Liberals are planning to absorb money from counter-tariffs into general government revenue.
Blanchet argued that money should be going to businesses and workers affected by U.S. tariffs.
He also criticized the Conservatives' plan to cut the public sector.
“The extent of the cuts to the public sector, with accusations of incompetence and uselessness … my first reaction when I saw that was Elon Musk,” Blanchet told reporters in French.
“The Conservatives are trying to distance themselves from the Republicans of Donald Trump. But they kept the bedside book in the same place. It’s an ideology where the viability can’t be shown, and where the economic dangers are enormous.”
Poilievre's Conservatives are promising to pass a law requiring a referendum whenever the federal government wants to increase taxes or impose new taxes.
The Tories also say they would reach the NATO defence spending target of at least two per cent of GDP per year by 2030 by "rapidly" expanding military spending, though the platform offers few details.
The platform projects another $2 billion in military spending this fiscal year and $17 billion over four years.
Canada was projected to spend about $41 billion on defence over the 2024-25 fiscal year, or 1.37 per cent of GDP. The parliamentary budget officer said in a report last fall that defence spending would need to almost double to $81.9 billion annually to meet the target by 2032.
The Conservative plan also promises to speed up military recruitment to hit full strength within 18 months. In February, the Armed Forces estimated it will reach those targets by 2032.
The Conservatives are also promising to cut $23 billion in government program spending over four years — a figure that includes their promise to defund the CBC.
The party said it is "committed to preserving francophone Radio-Canada services across the country" and has pledged $25 million in support for Indigenous language media and another $25 million for the Local Journalism Initiative.
Poilievre's plan promises to streamline the public service through attrition by replacing only two of every three federal workers who retire. The Conservatives also say they want to "eliminate university degree requirements for most federal public service roles to hire for skill, not credentials."
ca.news.yahoo.com
The Conservative party released an election platform Tuesday that forecasts $100 billion in deficits over the next four years, along with billions of dollars in tax cuts and new revenues.
"Let's be clear. All of these deficits that we're talking about were inherited from the previous Liberal government," Conservative Leader Pierre Poilievre said at a press conference in Vaughan, Ont.
He said the Conservatives believe they can reduce the projected size of the deficit this fiscal year — $46.8 billion — to $31.3 billion through higher revenues and spending cuts.
The platform predicts $20 billion in revenue coming from counter-tariffs on the U.S. this fiscal year — a figure Poilievre said he borrowed from the Liberal government's own projections.
He has said previously that "almost every penny" collected from counter-tariffs should go toward tax cuts, with a small amount set aside to help people whose jobs are affected by the trade war, and that "none of the money" should go toward new government programs and spending.
In the Conservative platform document, that $20 billion in anticipated revenue is offset by around $11 billion in tax cuts and tariff relief measures this fiscal year.
"What I have committed to is redistributing that money to Canadians though tax cuts and through targeted aid to industries that are directly affected," Poilievre said Tuesday.
Poilievre also said previously he would implement dollar-for-dollar tariffs to match those imposed by U.S. President Donald Trump, and immediately seek to begin negotiations on the Canada-U.S.-Mexico free trade deal in order to put an end to tariffs.
The Conservative platform — the last of the major party platforms to be released — comes out after four days of advance voting and less than a week before the election.
It includes the party's pledge to reduce the rate of the lowest income tax bracket to 12.75 per cent from 15 per cent. It also says that tax cut is being phased in over four years — something Poilievre did not mention when he announced it earlier in the campaign.
The party projects the tax cut would cost just over $1 billion this year, rising to $13.6 billion in 2028-29.
Tax cuts over the four-year plan would cost $75 billion, the Conservatives said, while new program spending would total $34 billion. That is offset in part by $56 billion in spending cuts.
Poilievre said his plan would cut bureaucracy, government consulting and some foreign aid and "unleash a half-trillion dollars of economic growth" in the resource development and housing sectors.
The party projects a Conservative government would take in $12.8 billion in new revenue from increased homebuilding over four years.
Poilievre said that figure is based on a report that said the government collects around $70,000 in taxes from the construction of a new home. His party is promising to build 2.3 million homes.
The platform also projects an immediate economic boom triggered by its planned repeal of Bill C-69, the law that amended the Impact Assessment Act — a boom the party says would result in the government collecting almost $1 billion in revenue over four years.
The Tories are forecasting billions of dollars more in savings from repealing several Liberal climate policies, including the Clean Electricity Regulations, the electric vehicle mandate, the emissions cap on oil and gas producers and clean fuel regulations.
Liberal Leader Mark Carney accused the Conservatives of underestimating the cost of their platform. He said that if his party had "made the assumptions that the Conservatives did about growth in our platform, we'd be in a fiscal surplus in five years."
Carney told reporters the Tory plan is based on "phantom numbers" and doesn't account for the economic crisis expected to result from the trade war with the United States.
Poilievre said another four years of Liberal government would be too expensive for Canadians.
"Mr. Carney has not only maintained all of Justin Trudeau's debts, but he plans to add even more debt and even more spending," he said.
NDP Leader Jagmeet Singh accused the Conservative leader of having "a very tenuous relationship with the truth."
"I don't know where he's coming up with his numbers. They don't seem to be based in reality," Singh told a press conference in Vancouver on Tuesday.
Singh said that while he agrees the government should curtail its use of private consultants, the numbers he's seen suggest doing so would save Ottawa roughly $300 million.
Poilievre's plan calls for spending on "external consultants" to return to 2015 levels, and estimates that would lead to savings of $23.4 billion over four years.
Bloc Québécois Leader Yves-François Blanchet called the Conservative plan "hocus-pocus" on Tuesday and said both the Conservatives and Liberals are planning to absorb money from counter-tariffs into general government revenue.
Blanchet argued that money should be going to businesses and workers affected by U.S. tariffs.
He also criticized the Conservatives' plan to cut the public sector.
“The extent of the cuts to the public sector, with accusations of incompetence and uselessness … my first reaction when I saw that was Elon Musk,” Blanchet told reporters in French.
“The Conservatives are trying to distance themselves from the Republicans of Donald Trump. But they kept the bedside book in the same place. It’s an ideology where the viability can’t be shown, and where the economic dangers are enormous.”
Poilievre's Conservatives are promising to pass a law requiring a referendum whenever the federal government wants to increase taxes or impose new taxes.
The Tories also say they would reach the NATO defence spending target of at least two per cent of GDP per year by 2030 by "rapidly" expanding military spending, though the platform offers few details.
The platform projects another $2 billion in military spending this fiscal year and $17 billion over four years.
Canada was projected to spend about $41 billion on defence over the 2024-25 fiscal year, or 1.37 per cent of GDP. The parliamentary budget officer said in a report last fall that defence spending would need to almost double to $81.9 billion annually to meet the target by 2032.
The Conservative plan also promises to speed up military recruitment to hit full strength within 18 months. In February, the Armed Forces estimated it will reach those targets by 2032.
The Conservatives are also promising to cut $23 billion in government program spending over four years — a figure that includes their promise to defund the CBC.
The party said it is "committed to preserving francophone Radio-Canada services across the country" and has pledged $25 million in support for Indigenous language media and another $25 million for the Local Journalism Initiative.
Poilievre's plan promises to streamline the public service through attrition by replacing only two of every three federal workers who retire. The Conservatives also say they want to "eliminate university degree requirements for most federal public service roles to hire for skill, not credentials."
Conservative platform projects four years of deficits, big revenue increases
VAUGHAN — The Conservative party released an election platform Tuesday that forecasts $100 billion in deficits over the next four years, along with billions of dollars in tax cuts and new revenues.
