Now they’re only giving back ‘some’ of the money. What a surprise…
The Trudeau government has admitted that the carbon tax won’t be revenue neutral.
That’s not the headline you’ll read most places, but it’s the truth.
Trudeau has announced the so-called ‘rebate’ program, which features this interesting tidbit according to the CP:
“The federal government will return 90 per cent of all the money it collects from a carbon price directly to the Canadians who pay it. Prime Minister Justin Trudeau is unveiling the details of the carbon tax rebates, dubbed the Climate Action Incentive, as he tries to sell Canadians on the need to pay for pollution without breaking their pocketbooks. The remaining 10 per cent will be handed out to small and medium-sized businesses, schools, hospitals and other organizations who can’t pass on their costs from the carbon tax directly to consumers.”
First of all, what happened to it being revenue neutral?
Why aren’t Canadians (who directly pay the tax) getting 100% back?
Also, why should we trust the government on the rebate?
They claim the rebates will be $256-$598 dollars – but numerous reports have said the carbon tax will cost far more, and even many of those reports don’t account for the cascading costs of the tax throughout the economy.
Amazingly, the report notes the government arbitrarily claiming “Officials say 70 per cent of people in those provinces will get back more than they end up paying out as fuel costs rise to incorporate the carbon tax.”
That leaves – even by the government’s dubious accounting – 30% who will be paying more.
And keep in mind, if even the government admits that 30% will be paying more after the tax is implemented, it will surely be far higher, leaving a majority of Canadians much worse off. After all, this is the same government that said the budget would balanced itself and promised 3 small deficits, while instead running massive deficits as far as the eye can so.
So, like everything else about the carbon tax “revenue neutral” was a scam.
And most of the media doesn’t even know how to cover it correctly:
“Coverage of the carbon tax ‘rebate’ is appalling. It’s such a scam. The carbon tax takes money away – and that money goes into general revenues. So any ‘rebate’ is totally separate from the carbon tax. Taking with one hand, giving some (but far less) with the other. Total scam!”
Photo – Twitter