To the editor:
The Trudeau government has proposed a tax on 91ÂãÁÄÊÓƵ˜rich91ÂãÁÄÊÓƵ™ incorporated businesses. This tax is of course simple political opportunism but will undoubtedly win Trudeau some votes.
By its own estimates this new tax will earn them between $500 million and $1.5 billion a year assuming that the impact on small businesses is negligible. (A highly unlikely scenario)
The federal deficit for 2017/2018 is projected to be 28.5 billion. Who is going to pay for the other $27 billion Mr Trudeau? The middle class?
Or is the budget just going to balance itself ?
Mr Trudeau you do not have a tax problem. You have a spending problem.
Peter Lutsch, Kelowna
