Conservative election platform pledges $75-billion in tax cuts, referendums before future tax hikes - The Globe and Mail

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Key Fiscal Proposals

The Conservative platform promises $75 billion in tax cuts and $34 billion in new spending over four years. They aim to achieve this through $56 billion in spending cuts, with a significant portion (over 40%) targeting consultant fees. The party projects that economic growth will generate over $21 billion annually in tax revenue by 2028-29, leading to a projected deficit of $14.1 billion in the fourth year.

Spending Cuts and Policy Highlights

  • Eliminating funding for the English-language CBC (while preserving French-language Radio-Canada).
  • Reducing foreign aid.
  • Cutting government spending on AI.
  • A "Taxpayer Protection Act" requiring referendums before tax hikes.

The Conservatives pledge to increase military spending to 2% of GDP by 2030 and improve military procurement. They also propose building three northern bases and completing a road from Yellowknife to Grays Bay. Immigration policy focuses on keeping population growth below housing, job, and healthcare growth rates.

Reactions and Comparisons

Liberal Leader Mark Carney criticized the platform for relying on projected economic growth and for failing to address the US-Canada trade war. He also pointed out the lack of commitment to social programs like dental care and pharmacare. The Bloc Quรฉbรฉcois compared the Conservative plan to Elon Musk's cost-cutting approach and noted the focus on growing the oil and gas sector despite climate change concerns.

Other Notable Policies

  • Housing policies aimed at generating 2.3 million new homes.
  • Lowering education requirements for federal civil servants.
  • Shrinking the federal civil service through attrition.
  • Changes to gun laws focusing on violent offenders while protecting lawful gun owners.
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