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  • Imagine a Winnipeg...2018 Alternative Municipal Budget June 18, 2018
    Climate change; stagnant global economic growth; political polarization; growing inequality.  Our city finds itself dealing with all these issues, and more at once. The 2018 Alternative Municipal Budget (AMB) is a community response that shows how the city can deal with all these issues and balance the budget.
    Canadian Centre for Policy Alternatives
  • Why would a boom town need charity? Inequities in Saskatchewan’s oil boom and bust May 23, 2018
    When we think of a “boomtown,” we often imagine a formerly sleepy rural town suddenly awash in wealth and economic expansion. It might surprise some to learn that for many municipalities in oil-producing regions in Saskatchewan, the costs of servicing the oil boom can outweigh the benefits. A Prairie Patchwork: Reliance on Oil Industry Philanthropy […]
    Canadian Centre for Policy Alternatives
  • CCPA's National Office has moved! May 11, 2018
      The week of May 1st, the Canadian Centre for Policy Alternatives' National Office moved to 141 Laurier Ave W, Suite 1000, Ottawa ON, K1P 5J2. Please note that our phone, fax and general e-mail will remain the same: Telephone: 613-563-1341 | Fax: 613-233-1458 | Email: ccpa@policyalternatives.ca  
    Canadian Centre for Policy Alternatives
  • What are Canada’s energy options in a carbon-constrained world? May 1, 2018
    Canada faces some very difficult choices in maintaining energy security while meeting emissions reduction targets.  A new study by veteran earth scientist David Hughes—published through the Corporate Mapping Project, the Canadian Centre for Policy Alternatives and the Parkland Institute—is a comprehensive assessment of Canada’s energy systems in light of the need to maintain energy security and […]
    Canadian Centre for Policy Alternatives
  • The 2018 Living Wage for Metro Vancouver April 25, 2018
    The cost of raising a family in British Columbia increased slightly from 2017 to 2018. A $20.91 hourly wage is needed to cover the costs of raising a family in Metro Vancouver, up from $20.61 per hour in 2017 due to soaring housing costs. This is the hourly wage that two working parents with two young children […]
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

Making Real Change Happen

Today’s throne speech was notable for its brevity, but there were certainly a lot of priorities packed into those 1600 words. A small selection:

  1. “The Government will, as an immediate priority, deliver a tax cut for the middle class.” This is quite easily my least favourite action promised by the new Liberal government. The plan increases the marginal tax rate on high income earners, and gives it back on earned income between $45K – $89K. Thanks to the magic of marginal tax rates, this means you only get the maximum $670 if you earn more than 89K. Combine that with median incomes in the $30K range, and you can see that this does very little for middle income earners. The NDP have proposed changes that would reach more Canadians, which I hope the government takes seriously.
  2. “The Government has also committed to provide more direct help to those who need it by giving less to those who do not. The new Canada Child Benefit will do just that.” This change will make a real difference for low income families with children. 5 thumbs up.
  3. “To give Canadians a more secure retirement, the Government will work with the provinces and territories to enhance the Canada Pension Plan.” This will be huge for the 11 million workers in Canada who don’t have a workplace pension plan, particularly young workers.
  4. “The Employment Insurance system will be strengthened to make sure that it best serves both the Canadian economy and all Canadians who need it.” This is one social program that is particularly close to my heart, and I am cautiously optimistic that this will bring positive change to a key pillar of our badly frayed social safety net.
  5. “The Government will undertake these and other initiatives while pursuing a fiscal plan that is responsible, transparent and suited to challenging economic times.” So this is pretty vague, but I think we need to look at what wasn’t said. There is no mention of returning to balance in 2019 (hallelujah!), and not even any mention of debt-to-GDP targets. In conjunction with public statements by Bill Morneau, let’s hope this means that the new government is comfortable with a probable $15B – $20B deficit for FY2016/17. In the face of today’s job numbers, it looks like we’ll be needing that lift.

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Comments

Comment from Andrew
Time: December 9, 2015, 8:36 am

hate to see the ndp embrace tax cuts at a time when we need to expand services. Especially if they still want to balance the budget.

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