Liberal leader Justin Trudeau

ELECTION 2015: Leaders spar on economy

Stephen Harper, Thomas Mulcair and Justin Trudeau compare plans on infrastructure, taxation and greenhouse gas emissions

The three contenders for the prime minister’s office clashed in their second debate Thursday evening in Calgary, where slumping oil prices and industry layoffs framed a discussion on the economy.

NDP leader Tom Mulcair accused Conservative Stephen Harper of having a “rip and ship approach” to natural resource development, adding that Harper “put all of his eggs in one basket, and then dropped the basket.”

Harper said it is “simply false” that the oil industry’s woes represent the entire economy, and overall it continues to perform well and produce more tax revenue despite a 40 per cent reduction in small business taxes and other tax cuts.

Liberal leader Justin Trudeau said his plan also includes reduction in small business taxes, and he emphasized he is the only leader willing to raise personal income taxes on the wealthiest one per cent of income earners, to finance a cut for the middle class.

Moderated by David Walmsley, editor of The Globe and Mail, the debate drew out differences between the three established party leaders on several topics.

Infrastructure:

• Trudeau defended his plan to run three deficits of up to $10 billion to finance roads and other infrastructure, with interest rates at a low ebb and Canada’s debt relative to the size of the economy declining.

• Mulcair called Trudeau’s plan “reckless and uncosted,” while the NDP calls for steady investment over 20 years.

• Harper said over 10 years, his government has spent 15 times what the previous Liberal government spent on infrastructure. That includes record deficits for public works projects in the wake of the 2009 economic crisis.

Taxation:

• Harper said the other parties promise tax relief for small businesses, but their plans to increase Canada Pension Plan and Employment Insurance premiums amount to a payroll tax 10 times as big as their small business tax cuts.

• Mulcair said he will raise income tax from 15 to 17 per cent for large corporations, but he believes individuals are paying their fair share now. Mulcair reminded viewers that Trudeau has supported Conservative budgets, and his first vote in Parliament was to support Harper’s tax “giveaway” to big business.

• Trudeau emphasized that his is the only plan that increases taxes for bank executives and other wealthy individuals as well as on banks, while reducing income tax on the middle class.

Greenhouse gases:

• Mulcair favours a cap-and-trade system, but he avoided questions about what his system would cost the economy or consumers. The NDP will “enforce overarching sustainable development legislation,” he said.

• Trudeau defended his position that each province should address emissions in its own way. He said Mulcair wants to impose a national bureaucracy, including on B.C., which Trudeau called a world leader in use of carbon tax.

• Harper said carbon taxes are about revenues to government, not the environment. He said under his 10-year administration, Canada has seen a decline in emissions while the economy grew, adding that his government invests $1 billion a year in alternative energy.

Green Party MP Elizabeth May wasn’t invited to the Globe debate, but chipped in with videos on her Twitter account. In one, May noted that there was no discussion of “investor state agreements” such as one with China that have intruded on Canada’s sovereignty.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Imagination Library Fraser Valley celebrating Christmas in July

Dolly Parton early literacy intiative looking for financial support to help with waitlist

MS Bike fundraiser goes virtual in midst of pandemic

Fraser Valley event in Abbotsford and Langley among those usually held every year

PHOTOS: Readers are proud of their cats

Abbotsford News asked people to share photos of their feline friends as part of National Kitten Day

Abbotsford musician Liam Pasiciel releases fourth album

Plant of Creation is entirely instrumental and moves beyond his ‘metal’ roots

Exercise and cancer to be explored via webinar

UFV’s Dr. Iris Lesser to lead Zoom event for cancer patients and supporters

B.C. sees 25 new COVID-19 cases, community exposure tracked

One death, outbreaks remain in two long-term care facilities

VIDEO: Vancouver Island cat missing 18 months reunited with family

Blue the cat found at Victoria museum 17 kilometres from home

VIDEO: Alberta man rescues baby eagle believed to be drowning in East Kootenay lake

Brett Bacon was boating on a lake in Windermere when he spotted the baby eagle struggling in the water

Police nab three impaired drivers in one night in Maple Ridge

Ridge Meadows RCMP served 80 impaired driving infractions in June

Conservationists raise concerns over state of care for grizzly cubs transferred to B.C. zoo

‘Let them be assessed now before their fate is sealed,’ urges B.C. conservationist Barb Murray

B.C.’s COVID-19 job recovery led by tourism, finance minister says

Okanagan a bright spot for in-province visitor economy

National Kitten Day aka the ‘purrfect’ day to foster a new friend

July 10 marks National Kitten Day, a special day to celebrate all things kittens

Lower Mainland YouTubers claim to be Kelowna display toilet ‘poopers’

RCMP can not speak to legitimacy of video, will be investigating

Haida matriarchs occupy ancient villages as fishing lodges reopen to visitors

‘Daughters of the rivers’ say occupation follows two fishing lodges reopening without Haida consent

Most Read