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Wilson budget blamed for tax hikes and slow deficit gains
Canadian editorial critiques Mike Wilson's budget for prioritizing spending cuts while raising personal income taxes by 12.3 percent this year and 14.7 percent the next. It warns of a 3 percent surtax and a 1 percent federal sales tax rise, arguing the plan shifts the burden to the middle class, with limited social spending cuts and a risk of recession. The piece notes 1986-87 tax costs rising and fears a re run of the 1981 budget's recession.
MENTIONED IN THIS ARTICLE
Mike Wilson
Wilson
Ottawa
Mulroney
Feds
Allan MacEachen