Both the Conservatives under Pierre Poilievre and the NDP under Jagmeet Singh aim to replace the carbon tax by enhancing other measures already in place
The carbon price is a dead tax walking. NDP leaders Jagmeet Singh and Wab Kinew are both helping to kill it.
“The economics textbook is going to lay out the argument for using prices to incentivize behaviour, but in the real world … we have to be flexible to show that we understand where people are at right now,” he said. “I understand the political pressures on the NDP leadership right now and the challenges of holding an unpopular position, but doing the right thing should be something that progressive voters in this country can count on,” he said Friday.Nonetheless, it is now perfectly clear: Both the Conservatives under Pierre Poilievre and the NDP under Mr. Singh aim to replace the carbon tax by enhancing other measures already in place.
The economics textbooks are right. Relying on subsidies, investments and corporate penalties, without also pricing carbon for consumers, will cost consumers more in the end. But they won’t see that cost. It will be a hidden part of the their tax bill, or part of a government’s deficit. It will become embedded in the price of goods or contribute to low productivity. Or all of the above.
Politics Canadian Politics Canada Tax Ndp Candidate Carbon Party Plan Part Cost Jagmeet Singh NDP Brian Mulroney
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