Eco­nomic growth set to de­cline year-after-year

The Southwest Booster - - NEWS -

Ed­i­tor: Buried in the fed­eral gov­ern­ment’s fall fis­cal up­date was some ma­jor news: eco­nomic growth in Canada will de­cline year­after-year for the next five years.

Let me say that again: from 2015 to 2019, growth will de­cline each and ev­ery year.

Faced with this sad prog­no­sis, the Con­ser­va­tives are putting all their eggs in the in­come split­ting bas­ket, a plan that will con­sume $2.4 bil­lion bor­rowed dol­lars this year and $2 bil­lion ev­ery year go­ing for­ward, squeez­ing out room for a growth agenda.

The Con­ser­va­tive in­come split­ting pol­icy is un­fair: it does noth­ing for 85 per cent of Cana­di­ans. And for 15 per cent who do ben­e­fit, the largest gains go to the wealth­i­est. Sin­gle moms and dads, par­ents with sim­i­lar in­comes within the same tax bracket, those on low in­comes, those with­out chil­dren or whose kids are at the ex­pen­sive post-sec­ondary lev­e­lall get noth­ing from In­come Split­ting.

In­come split­ting is too ex­pen­sive, it’s un­fair and it’s anti-growth at a time when growth is what Cana­di­ans need.

In­stead of lav­ish­ing ben­e­fits on those who need them the least, we need to help our econ­omy ex­pand and give all Cana­di­ans a real and fair chance at suc­cess. Two key el­e­ments of that agenda are in­fra­struc­ture and ed­u­ca­tion.

In­vest­ments in in­fra­struc­ture will cre­ate jobs to­day and lay the foun­da­tions for greater pros­per­ity to­mor­row.

By help­ing our ci­ties build durable tools like bet­ter tran­sit and wa­ter sys­tems, we will re­duce traf­fic grid­lock and give a sub­stan­tial and sus­tain­able boost our pro­duc­tiv­ity and qual­ity of life.

Seven out of 10 fu­ture new jobs in Canada will re­quire post-sec­ondary ed­u­ca­tion. If we can raise our post-sec­ondary ed­u­ca­tion at­tain­ment rate to 70 per­cent, we’ll have a work­force ready to meet our fu­ture job mar­ket needs.

We don’t have to set­tle for grad­ual eco­nomic de­cline. In­vest­ments in ed­u­ca­tion and in­fra­struc­ture are two es­sen­tial com­po­nents for the pros­per­ity of our mid­dle class and our col­lec­tive fu­ture.

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