Liberal leader Justin Trudeau

ELECTION 2015: Leaders spar on economy

Stephen Harper, Thomas Mulcair and Justin Trudeau compare plans on infrastructure, taxation and greenhouse gas emissions

The three contenders for the prime minister’s office clashed in their second debate Thursday evening in Calgary, where slumping oil prices and industry layoffs framed a discussion on the economy.

NDP leader Tom Mulcair accused Conservative Stephen Harper of having a “rip and ship approach” to natural resource development, adding that Harper “put all of his eggs in one basket, and then dropped the basket.”

Harper said it is “simply false” that the oil industry’s woes represent the entire economy, and overall it continues to perform well and produce more tax revenue despite a 40 per cent reduction in small business taxes and other tax cuts.

Liberal leader Justin Trudeau said his plan also includes reduction in small business taxes, and he emphasized he is the only leader willing to raise personal income taxes on the wealthiest one per cent of income earners, to finance a cut for the middle class.

Moderated by David Walmsley, editor of The Globe and Mail, the debate drew out differences between the three established party leaders on several topics.

Infrastructure:

• Trudeau defended his plan to run three deficits of up to $10 billion to finance roads and other infrastructure, with interest rates at a low ebb and Canada’s debt relative to the size of the economy declining.

• Mulcair called Trudeau’s plan “reckless and uncosted,” while the NDP calls for steady investment over 20 years.

• Harper said over 10 years, his government has spent 15 times what the previous Liberal government spent on infrastructure. That includes record deficits for public works projects in the wake of the 2009 economic crisis.

Taxation:

• Harper said the other parties promise tax relief for small businesses, but their plans to increase Canada Pension Plan and Employment Insurance premiums amount to a payroll tax 10 times as big as their small business tax cuts.

• Mulcair said he will raise income tax from 15 to 17 per cent for large corporations, but he believes individuals are paying their fair share now. Mulcair reminded viewers that Trudeau has supported Conservative budgets, and his first vote in Parliament was to support Harper’s tax “giveaway” to big business.

• Trudeau emphasized that his is the only plan that increases taxes for bank executives and other wealthy individuals as well as on banks, while reducing income tax on the middle class.

Greenhouse gases:

• Mulcair favours a cap-and-trade system, but he avoided questions about what his system would cost the economy or consumers. The NDP will “enforce overarching sustainable development legislation,” he said.

• Trudeau defended his position that each province should address emissions in its own way. He said Mulcair wants to impose a national bureaucracy, including on B.C., which Trudeau called a world leader in use of carbon tax.

• Harper said carbon taxes are about revenues to government, not the environment. He said under his 10-year administration, Canada has seen a decline in emissions while the economy grew, adding that his government invests $1 billion a year in alternative energy.

Green Party MP Elizabeth May wasn’t invited to the Globe debate, but chipped in with videos on her Twitter account. In one, May noted that there was no discussion of “investor state agreements” such as one with China that have intruded on Canada’s sovereignty.

 

Just Posted

Young Hope man with autism wants understanding, end to taunts

Brayden Duplessis, Grace 10 student at Hope Secondary, shares his story

New welding equipment for Hope Secondary

More time on welders for Hope high school students, thanks to new gear

Hope teens headed to BC Winter Games

Julius Brysch, 14, and Danielle Bacon, 13, are in Kamloops this weekend

UPDATE: 10-20 cm of snow expected Friday in Lower Mainland

Snowfall warning in effect from North Shore mountains out to Hope

Parents cross over painting job on 6 Ave. crosswalks

Crosswalks, not painted since September, are a safety concern for two parents

VIDEO: Mixed bonspiel weekend at Hope Curling Club

The all-weekend tournament is the group’s final event of the season

Concert-goers unfazed by Hedley sexual misconduct allegations

Frontman Jacob Hoggard thanked fans from the ‘bottom of our hearts’ at Halifax’s Scotiabank Centre

Original B.C. Games participant-turned-sensei officiating 39 years later

Langley judo sensei was a competitor at the inaugural B.C. Winter Games 40 years ago

Snowfall warning, travel advisory in effect for Coquihalla

Coquihalla Highway between Hope and Merritt to receive 10 to 20 cm of snow Sunday

Police watchdog probes B.C. man’s taser death in alleged parental child abduction

Independent Investigations Office called in after one male dies

PHOTOS: Harnessing diverse abilities on the court at the B.C. Games

Basketball is one of two Special Olympics events at the B.C. Winter Games in Kamloops

B.C. VIEWS: Our not-so-New Democrats don’t rock the boat

Finance Minister Carole James takes the wheel, steers similar course

OLYMPIC ROUNDUP: Canadians all smiles after record medal haul

Team Canada is taking home a record 29 medals from Pyeongchang – 11 gold, eight silver, 10 bronze

‘All of us should be ashamed’: Calls for change after jury finds Raymond Cormier not guilty

Jury acquitted Raymond Cormier in the death of Tina Fontaine after 11-hour deliberation

Most Read