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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Rossburn Review
Location
Rossburn, Manitoba, Canada
Date
Dec 17, 1986
Page
5
Finance Minister Mike Wilson vows personal tax cuts to about 30 percent from over 50. Yet Canada faces a $30 billion annual shortfall and rising federal debt, forcing questions whether tax relief can outweigh debt costs and if federal spending will be cut. The week is labeled "the biggest tax grab in Canada's history."
The article warns of a new BTT tax replacing the manufacturers' sales tax and broadening to foods clothing and services. It argues the plan boosts prices, is inflationary, regressive, and could raise corporate taxes while harming the middle class and jobs. It criticizes Ottawa for masking higher taxes as reform and questions spending restraint by Parliament.
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