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Macdonald-Laurier Institute

Economic growth, not wealth transfer, should be focus of 2015 budget: Cross on CTV

April 17, 2015
in Domestic Policy Program, Economic policy, In the Media, Latest News, Multimedia
Reading Time: 1 min read
A A

Initiatives to spur economic growth should take precedence over transferring wealth between Canadians in the federal government’s 2015 budget, Macdonald-Laurier Institute Senior Fellow Philip Cross told CTV.crossonpowerplaytaxandtransfer

Cross appeared on the program Power Play to discuss his most recent paper for MLI, which sheds light on how government transfers are combining with taxes to transfer wealth between Canadians.

In including transfers, Cross is able to show that large wealth transfer takes place between those with high-incomes to others in lower tax brackets.

“I think we’ve exhausted what we can do with the tax and transfer system in this country”, Cross told CTV.

“I think if we’re going to support middle class income growth, we need to get the economy moving again. We’re going to do that through things like lower taxes, less regulation, more free trade”.

Cross also discussed more in-depth what the government is likely to do in releasing the federal budget, which is set to be tabled next Tuesday, April 21.

To watch the episode of Power Play featuring Philip Cross, click here (note: the episode is behind a paywall).

Tags: Macdonald-LaurierMLIPhilip Cross
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  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy Program
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy Program
      • Energy
      • Environment
    • Foreign Policy Program
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs Program
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • An Intellectual Property Strategy for Canada
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
  • Events
    • Upcoming Events
    • Past Events
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© 2021 Macdonald-Laurier Institute. All Rights reserved.