ACFO is pleased to offer its support to the taxation and public service investment recommendations laid out in the Canadian Centre for Policy Alternatives’ (CCPA) Alternative Federal Budget.
“The recommendations made in this alternative budget mirror many of those made by ACFO in recent months,” notes Milt Isaacs, ACFO President. “As government financial officers, we know the importance of looking at both sides of the ledger when evaluating the country’s financial realities. This budget does just that.”
The Alternative Federal Budget points out “regressive tax cuts have already reduced federal revenues to the smallest share of the economy they’ve been in over 70 years.” Isaacs says these declining revenues are symptomatic of a much larger problem.
“This race to the bottom in the name of austerity is unsustainable,” Isaacs argues. “There’s more than enough evidence to show that all we’re doing is increasing income inequality. The burden has shifted to the middle class and away from corporations and higher-income earners.”
“This alternative budget shows that there is a way to restore balance and establish sustainability in government without increasing the burden on average Canadians,” says Isaacs. “We wholeheartedly endorse this progressive approach to fair taxation.”