|
Dear John,
In 2001, the Campbell government in B.C. cut all personal income tax rates by an average of 25%, restrained growth in annual program spending, balanced the budget by 2004/05 – and ran surpluses for four years afterwards!
Today, the federal government faces a similar situation as B.C. prior to the Campbell reforms. Poor fiscal policy and high taxes have contributed to persistent federal deficits and mounting government debt, economic stagnation, and little to no improvement in living standards.
Policymakers in Ottawa should consider replicating the British Columbia government’s successful fiscal reforms from 2001, to improve the economic and fiscal outlook for Canada.
Check out this latest study here and be sure to share it with your friends and colleagues.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
|
