Economist says Feds need to make choices to boost economy during COVID-19 crisis
In an article in the Winnipeg Free Press today, Kevin Rollason reports on an interview with Dr. John McCallum of the University of Manitoba’s Asper School of Business.
McCallum said this is not the time for the federal government to raise any taxes in its upcoming budget.
“In the current uncertain circumstances we face, we are certain that some people are going to need big spending power fast, but it is also certain that if the economy is going to come back best, fastest, investment in new plants, machinery, equipment, etc. is key,” he said.
“To me that says, do not make private sector investment decision-makers any more scared to invest with the budget than they already are by raising any corporate or capital gains taxes, thus making investment less attractive and more risky.”