Tory Platform Unveils Billions In Cuts To Balance Budget In 5 Years - 2019-10-11

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F364.png Tory Platform Unveils Billions In Cuts To Balance Budget In 5 Years October 11, 2019, Canadian Press, Huffington Post

TSAWWASSEN, B.C. — The Conservatives are promising to balance the federal budget within five years by delaying billions of dollars' worth of federal infrastructure spending, levying a tax on tech giants, forcing tobacco companies to pay for anti-smoking campaigns and finding ways to cut billions of dollars in spending.

The savings would help fund $6.2 billion in new spending and forgone revenue next year that's largely in the form of tax cuts and tax credits, but also includes some big-ticket items like MRI machines and support for businesses that help curb greenhouse-gas emissions overseas.

Under a Conservative government, spending and forgone revenue — things that make the government's fiscal balance worse — would increase by $11.4 billion by 2024-2025, driven largely by the Tories' signature "universal tax cut," which lowers the tax rate for income under $47,630 to 13.75 per cent from 15 per cent.

Wikipedia cite:
{{cite news | first = Canadian | last = Press | title = Tory Platform Unveils Billions In Cuts To Balance Budget In 5 Years | url = https://www.huffingtonpost.ca/entry/conservative-platform_ca_5da0de60e4b087efdbae3100?ncid=other_huffpostre_pqylmel2bk8 | work = Huffington Post | date = October 11, 2019 | accessdate = October 19, 2019 }}