FOR IMMEDIATE RELEASE
MARCH 22, 2016
Out-of-control Liberal Borrowing...a nightmare budget!
Higher taxes, higher spending = fewer jobs
THORNHILL, ONTARIO: -- The Liberals have confirmed that they will borrow - to spend - more than 100 billion taxpayer dollars in their term. That's instead of the "modest" deficit of 10 billion dollars promised in the election campaign. And where the Liberals promised a balanced budget by 2019, this Liberal budget forecast major deficit spending well beyond the next federal election.
To pay back the huge deficit and debt, families are facing higher taxes now and into the future.
“Workers and job-creating businesses in my riding of Thornhill will be quick to recognize that the reckless Liberal scheme is simple; grow the size of government, which does nothing to actually create jobs,” according to MP Peter Kent.
"When it comes to spending taxpayer money, the Liberals just can’t control themselves," said MP Kent "Canadians should be concerned that the Liberals are failing to do what is necessary to encourage the private sector to invest in our economy to create well-paying, high-quality, long-term jobs.”
On Tuesday March 22nd, the Liberals introduced their 2016 federal Budget. This Budget confirms the Liberal plan to raise taxes families, youth and small businesses, with more to come when debt payments have to be made. Despite spending nearly $30 billion in borrowed money this year, the Liberal Budget has no clear blueprint to help get unemployed Canadians back to work. There is no sign of the "economic job-creating, stimulus" the Liberals promised in the election campaign.
“While as a York Region MP, I support some measures in the Budget, such as funding for affordable housing and affordable rental housing, this isn't a viable plan to create jobs now," said Kent. “Instead the Liberals are raising taxes on business, which will drive away jobs and investment. With this Liberal slight-of-hand financial accounting, businesses cannot and will not invest in the Canadian economy. They simply do not know the cost of doing business here.”
The increased taxes on higher income Candians will see tax rates in 6 out of 10 provinces exceed 50%. That is yet another disincentive for entrepreneurs to come to Canada or stay in Canada.
The Defence procurement budget has been gutted by more than 3 Billion Dollars at a time when National Defence should be a spending priority.
More than 100,000 Canadian across the country are out of work in the oil and gas industry alone. Canada’s unemployment rate has increased for three consecutive months, despite the Liberal Government spending billions of dollars during the same time period.
“The Conservatives left the Liberal Government with a $3 billion surplus, as we focused on keeping taxes low while supporting policies that helped create more than a million jobs. Conservatives know the recipe for job creation and economic growth: low taxes, free trade and spending taxpayer money responsibly.” Kent added
For more information:
Name: Hon. Peter Kent, MP