Opinion: The Liberal mix of higher taxes, more government spending and deeper indebtedness did not result in a robust economy as promised
By Jason Clemens, Milagros Palacios and Niels Veldhuis
The Trudeau Liberals were elected in 2015 promising a new direction in fiscal policy. Their 2015 platform stated that: “Canada’s economy has faltered … It is time for smart, strategic investments that will turn our economy around and get it growing again.” In their inaugural budget in 2016, they talked about the need for “fundamental change” and massive “investments” by government.
In its first steps, the Trudeau government raised taxes on most taxpayers (despite promising tax relief for the middle class) and dramatically increased spending and borrowing. These changes, the government argued, would produce a stronger, more robust economy.

