Taxpayers Federation calls for the carbon tax to be scrapped in the wake of PBO report

Author: Jay Goldberg 2022/03/24

Ottawa, ON: The Canadian Taxpayers Federation is sounding the alarm about rising carbon taxes as a new Parliamentary Budget Officer report shows the Trudeau government’s carbon tax plan will lead to lower household income and smaller GDP growth.

“The Trudeau government claimed that its carbon tax scheme would benefit families economically, but the new PBO report shows that the government simply wasn’t telling the truth,” said CTF Ontario Director Jay Goldberg. “The report shows that most households will be paying hundreds of dollars more each year in carbon taxes than they’ll get back in rebates.

While the Trudeau government originally said that “families are going to be better off” because of the carbon tax, by the time the carbon tax is fully implemented, households will be losing as much as $845 annually even after factoring in government rebates.

The report also shows GDP growth will be 1.3 per cent lower in 2030 because of the carbon tax and that labour income will be as much as 2.6 per cent lower.

“The carbon tax is bad for families, plain and simple,” said Goldberg. “The Trudeau government’s plans will hurt Canadians and hinder economic growth, even though evidence shows carbon taxes don’t lower emissions. It’s clearer than ever before that the federal government needs to scrap its carbon tax.”

A Note for our Readers:

As you may know, we're working hard to stop Prime Minister Trudeau's attempt to add a 2nd carbon tax upon Canadian taxpayers. If you are against this tax, would you take a moment today to read and consider signing the petition below?

When you do, your name will be added to the growing list of tens of thousands across our country who want to tell the government that we are opposed to these new taxes. Please take a moment to read the petition below and consider signing it today.

To Prime Minister Justin Trudeau:

The federal government is introducing new fuel standard regulations to require industry to reduce the carbon content of fossil fuels. If industry can’t meet the standard, they’ll have to pay Trudeau's second carbon tax. This tax will ultimately hit already struggling families and businesses.

It’s bad enough that taxpayers are already paying for one carbon tax. Canadians certainly can’t afford a second carbon tax.

We, the undersigned, call on Prime Minister Justin Trudeau to scrap plans for a second carbon tax.

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