Today's deficits are tomorrow's taxes

Every year Justin Trudeau runs deficits, he is borrowing money from future generations. 

Today’s deficits are tomorrow’s taxes.

Justin Trudeau is making Canadians pay for his mistakes.

His failure to balance the budget means higher taxes down the road and less protection against the next economic downturn.

He promised he’d balance the budget in 2019, instead he has continued to spend and spend and now, the deficit is more than $21 billion this year.

According to Finance Canada, the budget will not be balanced until at least 2040, by then racking up an additional $271 billion of debt.

And not only are they adding billions to the debt, they are raising your taxes.

Justin Trudeau’s Carbon Tax does nothing for the environment, but it will increase the cost of gas, home heating and everyday essentials.

Worse still, it’s only going to get more expensive.

In 2019, the Carbon Tax starts at $20 a tonne, going up to $50 in three years, but internal government documents confirm the Liberals are already planning for a carbon tax of $300 a tonne.

That’s 15 times larger than what it will be on April 1st when it kicks in.

The Liberals have also cut a special carbon tax side deal with Canada’s largest emitters that means they will continue to pollute for free, while families and small business owners get hit with the full force of the tax.

For people who inherit family fortunes, an extra $100 a month on a grocery bill or electricity bill might not be a big deal, but it matters a lot to a family trying to make their household budget last to the end of the month.

Make no mistake, if Justin Trudeau is re-elected, he will continue to raise taxes to pay for his mistakes.

 


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