harper-greece_thumb-1.png
harper-greece_thumb-1.png This article is more than 5 years old

Stephen Harper says axing family tax plan would trigger Greek-style economic collapse

By the beard of Zeus, what on earth is Stephen Harper talking about?

By the beard of Zeus, what is Stephen Harper talking about?

In a “confidential” letter to his caucus provided to the media on Monday, Prime Minister Harper instructs Conservative MPs to work “to promote the enhanced [Universal Childcare Benefit], and in making sure it will never be taken away from the families who deserve it.”

But there’s one line about Greece that may leave economists scratching their heads:

harper-UCCB-greece-excerpt.jpg

Leaving aside how Greece’s financial troubles were not triggered by taking away a $60 per month per child (before tax) subsidy increase — is Harper seriously suggesting that axing his so-called family tax plan would pave the way to the collapse of the Canadian economy?

Mass unemployment? Protesters in the streets? Line-ups at ATMs? Is Harper serious?

Harper’s baby bonus hardly covers average child care costs as is and does nothing to create new child care spaces. And except for very wealthy families, 9 in 10 households will see no benefit from Harper’s income splitting scheme.

Is Harper seriously suggesting Canada’s economy is so fragile under his leadership that $60/month and a tax break hardly anyone qualifies for is all that stands between order and chaos?

There is no plausible scenario where axing these measures sends the Canadian economy spiralling into chaos.

But maybe most staggering of all: Harper says he wants to avoid a “cycle of spiralling deficits.” By his own logic, what does spending $26.755 billion on these measures at the same time as the recession appears to be pushing Canada back into deficit do to accomplish that?

Of course, running deficits during recessions can actually help stimulate the economy (Harper did that — he even said “deficits are essential” during a recession). Heck, Harper’s run seven deficits in a row.

Now he wants you to believe doing what he’s done seven times will trigger a Greek-style economic collapse?

Photo: Wikimedia. Facebook. 

Help us protect Canadians by holding the powerful accountable.

Journalism is an important public service. That’s why PressProgress is prioritizing stories aimed at keeping Canadians safe and holding the powerful accountable during the coronavirus pandemic.

Please consider supporting our award-winning non-profit news organization so we can keep making a positive impact for Canadians.

 

Support Our Journalism
PressProgress
PressProgress is an award-winning non-profit news organization focused on uncovering and unpacking the news through original investigative and explanatory journalism.

Most Shared

thumb-2021-02-026 News

Ford Government Memo Warns of $1.6 Billion in Education Cuts and Plans to Layoff Thousands of Frontline Workers

Related Stories

News

Ford Government Blames Teachers’ Unions For Its Own Memo Revealing $1.6 Billion in Education Cuts and Thousands of Layoffs

View the post
News

Ford Government Memo Warns of $1.6 Billion in Education Cuts and Plans to Layoff Thousands of Frontline Workers

View the post
Analysis

Manitoba Premier Brian Pallister’s ‘Mystery Bills’ Are a ‘Dangerous’ Violation of Democratic Standards, Experts Say

View the post

Explainers

Politics & strategy

Tom Parkin

Why Justin Trudeau and Jagmeet Singh Are Taking Very Different Positions on Private, For-Profit Long-Term Care

View the post
Human rights & inclusion

Amira Elghawaby

Why The Full Impact of Hate Groups on Targeted Communities Is Not Captured By Hate Crime Statistics

View the post
Power and democracy

Andrea Reimer

How The COVID-19 Pandemic Revealed Canada’s Most Powerful People Have Less Power Than They Think

View the post