OTTAWA – Parry Sound-Muskoka Member of Parliament, Tony Clement, said Justin`s Trudeau`s budget today continues the trend of reckless spending, and raising taxes on small business owners and families.
“Trudeau billed this as the gender-friendly budget, but for all the talk there is no action. The Liberals are raising taxes on all entrepreneurs, including women. His tax grabs punish people across the board,” said Clement. “There is also no slowing of the Liberals out-of-control spending. Despite last year`s economic good fortune, the Liberals are spending like Canada is still in a recession. This is also forcing the government to pile on the taxes to pay for their gilded agenda.”
The deficit for this fiscal year is $18 billion, which is triple what Justin Trudeau promised during the 2015 election. With the budget not projected to be in balance again until 2045, these additional deficits will add $450 billion to Canada’s national debt over the next 27 years.
The Liberals have also been asking Canadian families and local businesses to pay more to offset this government’s out-of-control spending. Already, the average Canadian family is paying more than $800 extra per year in taxes. Local businesses are now paying more in taxes, while being labeled as tax cheats by the Liberal government.
“Hard working families and small business owners in Parry Sound-Muskoka are seeing no relief from this budget. The Trudeau Liberals continue to spend lavishly on their pet projects, while ignoring affordability concerns, and charging ahead to punish small business owners,” said Clement.
The reality is that after almost three years of Justin Trudeau…. never has a Prime Minister spent so much, to achieve so little:
• Spending $35 billion on a new infrastructure bank helps wealthy investors, not Canadians who want shorter commute times;
• $1 billion for “Superclusters” helps big corporations, not Canadians struggling to find work;
• $2 billion for foreign aid, but little for our veterans who the Prime Minister says are asking for too much while he fights them in court;
• Raising taxes on more than 90% of middle class families;
• Introducing new taxes on local businesses and employees;
• Borrowing $18 billion, failing to balance the budget by 2019, money that will be paid back by future generations.
• Spending $35 billion on a new infrastructure bank helps wealthy investors, not Canadians who want shorter commute times.