Dear John,

The latest federal budget will be presented tomorrow, and every indicator – including their new deal with the NDP – points to it containing large new spending promises.

As we all know, higher spending needs to be paid for with higher taxes. Even high-spending governments acknowledge this, usually promising to raise taxes only on corporations or high-income earners.

But a new Fraser Institute study out today blows those talking points out of the water.

It finds that the federal government simply can’t raise enough tax revenue solely from Canada’s upper-income families.

The study highlights various potential tax policies – personal income tax increases; business tax increases; and wealth taxes – all of which fail to generate the revenue some proponents claim.

Check out the full study here [[link removed]], and be sure to share this far and wide before tomorrow's budget announcement!

Sincerely,

Niels Veldhuis

President

The Fraser Institute

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