January 20, 2016

Mulcair calls for more spending, higher corporate taxes to “stimulate” economy -- but reality isn’t on his side

Brian LilleyRebel Co-Founder
 

NDP Leader Tom Mulcair may have campaigned on balanced budgets and not raising personal income taxes but the socialist party leader is now calling for deficit spending and taxing the banks.

In fairness, Mulcair and the NDP campaigned on higher corporate taxes during the election but now as the Canadian economy slumps and the Liberals consider using higher deficit spending to “stimulate” the economy, Mulcair is calling for more spending.

“We were the first in 2008 to call for stimulus spending,” Mulcair boasted during a news conference earlier this week. Mulcair said there are times when extra government spending is needed and now might be that time.

“We also think that the revenue side has been so seriously cut back under successive Liberal and Conservative governments especially with regard to corporate taxes,” Mulcair said.

Socialists like to believe that raising taxes always means more money for the government even in the face of evidence to the contrary. In March 2010, the end of the 2009-2010 fiscal year the federal government reported revenue from corporate income taxes of $28.3 billion but five years later after cutting the corporate tax rate from 19% to 15% the revenue from corporate taxes stood at $39.2 billion.

Listen to Mulcair answer the question about how to deal with the economy. His answer is one many Canadians would agree with without even thinking, but reality is not on his side.

 

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Comments
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commented 2016-01-23 00:53:38 -0500
Well said Drew…!!!!
“Socialism only works until you run out of other peoples money to spend”
Margaret Thatcher
commented 2016-01-21 03:21:52 -0500
They can just raise the tax rate to 101% of what we make, that will solve everything LOL! Sad thing is that most socialists would think that is possible.
commented 2016-01-20 21:32:00 -0500
Interesting. Is socialist code for dumb? They keep sticking their fork in thee electric outlet, thinking that this time the result will be different
commented 2016-01-20 20:09:31 -0500
His Leap crew that stays hidden inside the NDP Party exposes that they are absolute Communists’!
commented 2016-01-20 18:07:07 -0500
Mulcair needs to just quit, and let a new person run the party.
commented 2016-01-20 17:46:34 -0500
Wasn’t one of his election promises to keep a balanced budget. Oh that’s right the election is over. Now we see what the NDP’s true agenda is and always will be, tax and spend. Lie during an election campaign and then do the opposite if you get elected. Looking at the NDP government in Alberta why would anyone in their right mind vote for these clowns.
commented 2016-01-20 16:47:05 -0500
Maybe he has a point… let’s do a little experiment. I invite lefties to gather up all your credit cards and go on a spending spree.. and start paying your immediate family members big bucks for mowing the lawn, washing the dishes and other household chores… and then see if you become better off.
commented 2016-01-20 15:59:34 -0500
So MP Mulcair wants to tax the Banks? Is he not aware that the Banks are on the verge of collapsing.

Why not put a tax on Hockey and Baseball, MP Mulcair, the UN is about to put a tax on Soccer (Football)

Oh the grubby mind of a Socialist.
commented 2016-01-20 15:57:47 -0500
All NDP and Liberal supporters should take a course in basic economics.
commented 2016-01-20 15:31:33 -0500
I think Notley has shown us what a NDP dictatorship looks like. I could not imagine federally the same scenario. NDP have no credit and should be looked at as radicals. If I had to pick between sharia law and NDP, sharia law looks pretty good.
commented 2016-01-20 15:18:11 -0500
William Collins: You don’t know the history of the NDP, their bizarre antiquated ideology and their failure to grasp simple economics. If you did, you would never even postulate such a scenario.
commented 2016-01-20 14:57:30 -0500
I think Mulcair would have been better in the long term. At least he has a law degree
commented 2016-01-20 14:44:20 -0500
I still have no idea why anyone is asking this prick anything.
commented 2016-01-20 14:35:55 -0500
Hoard food , water, ammunition, in short prep, the depression that is coming is going to make the last one look like a kiddie ride. Crime is already on the rise.
There will be nothing left to tax for these commie governments.
Save yourselves, the current governments worldwide won’t .
Doom and gloom is in our near future, along with death panels perpetrated by desperate governments.
This all was conspiracy theories not long ago, but now it is becoming reality.
commented 2016-01-20 14:13:33 -0500
“When a political party starts talking about stimulus spending you know they are full of shit. "
that’s gotta be the line of the day!
kudos to you good sir!
commented 2016-01-20 13:58:09 -0500
The word NDP should be a swear word.
They are so big-government-centric, nanny-state-ish.
Compare their platform with the radical Green Party; NDPigs are even more radical. They want to shut down more industry and achieve zero fossil fuel emissions even sooner than what the bat-shit insane Green proposed.
Both these parties want to destroy the economy and country for a pipedream and a hoax. Their imaginary utopia.
Keep very far away from these delusional people.

@climatefallacy
commented 2016-01-20 13:11:07 -0500
When a political party starts talking about stimulus spending you know they are full of shit.
WHERE are the dams where are the road and highways where are the new bridges where are the new ice breakers where are the new canals where are the new factories where are the new over priced sub way and where are the new pipe lines. Where you ask where 2.6 billion dollars wasted on the pan Am Games. Like I said stimulus speeding by the government is just wasted. Remember the last time government spent stimulus money on “shovel ready projects” THERE WERE NO SHOVEL READY PROJECTS.
commented 2016-01-20 13:01:58 -0500
I used to love Canada under Harper. I felt proud.
commented 2016-01-20 12:58:29 -0500
You can see why socialists like NDP and Liberals are crash and burn political parties. They hate capitalism and don’t understand in a world economy the companies can pack their operation up and head to sunnier climates. They analyse ever thing that happens. I know this because I helped them do it. When we audited companies we looked at everything that affected the bottom line . That included each and every emplyee and the financial climate like in Alberta today.
commented 2016-01-20 12:52:33 -0500
Why didn’t I think of that: bit the hand that feeds you. Genius. I would say maybe go for the banks but that will only result in us paying more to recuperate the loss.
commented 2016-01-20 12:50:21 -0500
Oh, but any good socialist knows that the only way to a more prosperous country is to beat down the money makers, the businesses, with massive taxes and to spend mega billion taken from the people who’s incomes depend upon those same businesses.

NDP logic at its best … and also the logic of this current “even more socialist than the NDP” federal Liberal government.

What could go wrong with such illustrious leadership at the helm?
commented 2016-01-20 12:43:52 -0500
A first year graduate of any reputable university not that there’s many left… Can tell you that you cannot spend your way to prosperity.
commented 2016-01-20 12:41:58 -0500
I am running out of inspiration…
They are piling up the shit (new insane policies faster) faster than I / we can keep up..
I think it’s just time to talk in weather the storm.
commented 2016-01-20 12:37:18 -0500
Can any one say “Alberta”?
Sure idiot kill the corporations thatbprovide jobs you moron.
commented 2016-01-20 12:20:26 -0500
at what point do taxes become an absurdity?
I think we are close…
commented 2016-01-20 12:17:11 -0500
In some weird way I actually miss the comic relief of this Ass-Clown. Yes he and the Fiberals screamed at Harper to spend and stimulate the economy in the last recession then used it against him in the election.
Oh angry Thomas true to his socialist form Spend Spend Spend Tax Tax Tax. True that reality is not on his side. Just leave Tom. Just leave.
commented 2016-01-20 12:15:05 -0500
LMFAO!!! Global economic collapse is unfolding.

There’s no cash on hand to spend on squat. Europe is on the verge of economic collapse.

Canada is on the verge of the worst financial disaster in its near 150 year history.

Socialist utopia to the rescue – LMFAO!!!! What could go wrong??? Sing MOAR SONGZ SOAFY!!!!