CTF supports modest 2014 balanced budget pledge

Applauds move to eliminate political welfare

OTTAWA, ON: The Canadian Taxpayers Federation (CTF) reacted with tepid support towards today’s budget, commending the federal government for its modest plan to balance the budget, move to eliminate political welfare and for making the Gas Tax Transfer permanent.

Speaking from Parliament Hill, CTF National Research Director, Derek Fildebrandt commented that, “Following our National Debt Clock Tour, Prime Minister Harper made a pledge to balance the budget by 2014. It can and should be balanced sooner, but we are nonetheless pleased to see a modest move in the right direction found in this budget.”

Before the budget is balanced, $158.9 billion in new debt will be accumulated since 2008, a sum greater than the debt accumulated during both world wars combined, even after adjusting for inflation.

Fildebrandt continued, “These savings are incredibly modest in their size and scope and we need to go much further if we are to make up for the overspending of the last decade. The CTF will be bringing a long list of areas to save to Treasury Board President, Tony Clement.”

The CTF found other areas of the budget worthy of support.

“Eliminating the per-vote subsidy is a major victory in the fight against political welfare. While parties still enjoy many unjustified financial perks, this is major win for taxpayers and for democratic reform,” stated Fildebrandt.

“Making the Gas Tax Transfer permanent is a clear follow-through on a longstanding CTF priority. This will ensure that more gas tax revenues goes back into roads, but gas taxes themselves are still too high and lack transparency. Coming on the heels of the CTF’s Gas Tax Honesty Day, this was a missed opportunity for the government to provide relief by eliminating the GST/HST tax-on-tax,” continued Fildebrandt.

Concluding, Fildebrandt stated, “This budget is an overall improvement over its predecessor before the election, but that is starting from a pretty low point. We need to be significantly more aggressive in getting spending under control to role-back the damage caused by overspending over the last decade.”