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BACKGROUNDER: Gaping hole in the Trudeau Liberal platform

Trudeau Liberals to send another $2.544 billion dollars in debt interest payments to bankers and foreign creditors

Canadians know that Justin Trudeau is not
as advertised, and now we know that their platform is not as advertised either.

The Trudeau Liberals are failing to
account for changes in public debt charges as a result of their endless
deficits.

In total, the Trudeau Liberal platform will send an additional $2.544 billion dollars to bankers and foreign creditors to pay for their out-of-control spending.

The PBO offered all parties costing tools
to determine the changes to public debt charges. Clearly, the Trudeau Liberals
didn’t use these tools or the Trudeau Liberals intentionally left the numbers
out of their fiscal track.

On top of that, a number of Trudeau Liberal promises remain un-costed by an independent analysis:

  • Pharmacare;
  • Net-zero emissions by 2050;
  • Assigning a family doctor to every Canadian;
  • Lowering after-school fees by 10 per cent;
  •  High
    speed internet across the country
  • Guaranteed paid family leave;

With the release of their platform, Justin
Trudeau’s Liberals are doubling down on their endless deficits that threaten
the social services, like health care and education, we all depend on.

If Justin Trudeau and the Liberals are
re-elected, they will do what they did last time and hike your taxes to pay for
their out-of-control spending.

Additional information:

  • Justin Trudeau’s campaign promises added to his existing deficits will pile on $100 billion of new debt to the books;
  • His deficit will hit $27.4 billion in 2020; and,
  • Total debt by the end of Justin Trudeau’s second term would be over $800 billion.

What does that mean for you? Justin
Trudeau’s never-ending spending will threaten the quality of our health and
social programs. He will be forced to raise taxes to pay for his endless debt
and deficits.

To pay just half of Justin Trudeau’s
deficits ($14B), he would have to either:

  • Raise the GST by 2% or;
  • Raise the rate on the first income tax bracket from 15% to 19% or;
  • Raise the rate on the second income tax bracket from 20.5% to 27%

The post BACKGROUNDER: Gaping hole in the Trudeau Liberal platform appeared first on Canada's Official Opposition.

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BACKGROUNDER: Gaping hole in the Trudeau Liberal platform

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