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If ever there were a moment where we needed something like that, This seems like the good time to do it, where they are way ahead in the polls, where they have a genuine wolf at the door in the form of Donald Trump and everything he represents. If ever there were a time to spend some political capital on something like this, it seems to me now is the time.
Roger Griffiths here, the chair of the Monk Debates with our latest Monk Dialogue with Globe and Mail journalist Andrew Coyne. Hey, Andrew. Good to see you. Likewise, we had a great response to our last video with you. Over 80,000 views on Canadian politics. Who'd have thunk it? Let's continue on that theme, Andrew, because we've... had this parliamentary session kind of kick off with a couple of consequential weeks. Parliament's now on break, reconvenes October 5th, and then we barrel towards a pretty consequential federal budget. So I want to start with you there. What are you anticipating in this budget? We've seen some major announcements on this kind of super deduction on, uh, on capital investments. We've got some musing about privatizing airports. What else do you think might feature in, again, a kind of make or break federal budget for Mark Carney in the middle of a trade war?
The short answer is I don't know. I'd be surprised if it was quite as make or break as we in the media like to make it into. But we certainly saw with the accelerated depreciation, the 100% deduction in one year, that they're now prepared to be a little bit more radical than they were before. That's the biggest tax change we've seen in years, if not decades. uh it's not i think enough in terms of the moment that we're in but it if it's a signal of where they're headed um there certainly is an appetite in the policy community and the business community for broader tax reform uh this would certainly be the moment to do it when you've still got lots of time left on your mandate and when we're still in the
Episode notes
What can we expect from a make-or-break federal budget delivered in the middle of a trade war? Rudyard and Andrew look at the growing appetite in the business community for broad tax reform—and ask whether now is the moment for Canada to make itself as competitive as possible for investment. If the government wants to deliver meaningful tax cuts, they argue, it will need to tackle spending, including business subsidies, so that companies make investment decisions based on economics rather than government incentives. And with Carney’s government far ahead in the polls and a “wolf” named Trump at the door, is there any better time for the government to spend its political capital on bold economic reform?
Given the government’s retreat from climate commitments, rollback of the capital-gains tax increase, support for pipeline building and moves on immigration reform—is this really a Liberal government? Andrew argues that it is much easier for a Liberal government to do conservative things than for a Conservative government to do conservative things. With Carney enjoying extraordinary freedom of movement, almost akin to a wartime situation, he is taking full advantage of it. But where does that leave the Conservatives?
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