Cutting Taxes in a Depression is Like Pushing on a String

Created
Tue, 29/09/2020 - 05:26
Updated
Tue, 29/09/2020 - 05:26
BC Liberal leader Andrew Wilkinson today announced a plan to completely eliminate the provincial sales tax (currently 7%) for 1 year, and then cut it by 4 points (or 57%) after that. Conservatives are prone to make expensive tax cut promises during elections, a tendency which contradicts their other touch-stone of perpetually promising to get tough on deficits and debt. [...]