Oh, this should be fun to watch
Trudeau must drop his grocery tax threat
Here’s political irony to ponder while you’re in line at the grocery store waiting to pay your ever-increasing bill.
Prime Minister Justin Trudeau says he’s thinking about making groceries cheaper by imposing a new tax.
Brace yourself because there’s more irony.
The House of Commons already passed legislation that would make food less expensive. In fact, the House passed the legislation
twice. But unelected senators are stalling the bill and the prime minister isn’t pushing it.
Here's what’s happening:
“We will take further action and we are not ruling anything out,
including tax measures,” Trudeau said.
What do you think Trudeau means when he threatens “tax measures”?
Trudeau means he may give into New Democratic Leader Jagmeet Singh’s
demands and put “in place an excess profit tax” on grocery stores.
Going after greedy rich guys – to paraphrase Singh – may seem appealing, but what do the experts say?
“The last thing we want to do is put on a tax that people then just pass along to the consumers.”
No
, that wasn’t free-market economist Milton Friedman. That was Trudeau, last year, when
CBC asked if he would consider the NDP’s grocery tax.
What changed?
The economic realities Trudeau first described haven’t changed. If the feds impose a new tax on companies that sell food, those new costs will be passed on to people lined up at checkouts.
What changed is that Trudeau’s sliding in the polls and grasping at bad policies.
Meanwhile, an actual opportunity to make food more affordable is ready and waiting.
A day after Trudeau threatened a grocery tax, the Parliamentary Budget Officer released a report about expanding the carbon tax exemption on farm fuels. That would save Canadians
about $1 billion through 2030.
Trudeau needs to stop making threats about grocery taxes and make life more affordable by dialing back his own taxes.
www.taxpayer.com