Surging U.S. deficit a warning for Canadians wanting tax cuts: Don Pittis

Posted In: News Date:Oct 19th, 2018

According to a new Senate report, what Canada needs is for its rich people to get richer.

Of course that's not what it says in so many words, but in calling on the Canadian government to follow the U.S. in cutting corporate taxes, that is effectively what it is asking for.

Perhaps it's simply a matter of bad timing, but the Senate banking committee report titled Canada: Still Open for Business?, obviously in the works for a while, has hit the media just as two serious flaws in the U.S. tax-cutting strategy made headlines in the U.S.