Quantitative Easing

ELECTION: North Simcoe candidates weigh on economy

We asked North Simcoe candidates questions on five key issues. Today we start with a question about the economy and the labor market

Editor’s Note: Before the federal election on September 20, OrilliaMatters contacted the five Simcoe North candidates, asking them to answer, in 200 words or less, five key questions. We begin today with a question on the economy. See you tomorrow when the candidates vote on the controversial subject of vaccine passports. For more information on the local election race, visit our CanadaVotes 2021 page.

question 1: We are facing a massive deficit coupled with the need for a continued effort to recover the economy from the pandemic. In addition to this, there is a critical need for more employees in the service sectors. What will you and your party do to close the deficit, stimulate the economy and help close the labor shortage?

Response from Liberal candidate Cynthia Wesley-Esquimaux:
We will strive to create a comprehensive review of how funds are spent, while ensuring that services are not cut back for those who need them most, ensuring fair taxation, ensuring that large companies cannot use loopholes to reduce their tax responsibilities, and ensure small businesses are supported.

It is absolutely necessary to support training and retraining programs as the economy evolves and the supply of employment evolves. Technology and automation need to be factored into the future for a full economic recovery – if the pandemic has taught us anything, it’s that we need to be prepared for unexpected impacts and that includes the kind of work that people will be expected to occupy over the next decade.

The Liberal Party is committed to ensuring a living wage for people who work in the service sector, which is a good step forward.

Response from Conservative candidate Adam Chambers:
Our primary goals are to grow the economy by helping our constituents get back to work and by supporting businesses that are struggling to find workers and that are facing this global pandemic.

Government spending must be restrained to keep taxes low for small businesses and families. We should also promote careers in trades to our young people so that they acquire skills that are in demand in today’s economy.

Response from NDP candidate Janet-Lynne Durnford:

The New Democratic Party is committed to creating new opportunities in all regions of the country by investing in recycling for a low carbon future. We will stimulate the economy by creating a million good jobs in the construction of new housing, the renovation of existing buildings, day care centers and the manufacture of essentials such as personal protective equipment here in Canada. We will make it easier for Canadians to join a union.

I will advocate for federally protected paid sick leave and fair wages for all workers in Simcoe North.

Reply from Green Party candidate Krystal Brooks:
In my opinion, this is a poorly worded question coming from a conservative perspective showing a bias in the media. There is no shortage of manpower, only a shortage of wages.

If you want a fair economic recovery, the only solution that will work is a universal basic income. A path that will ensure that those who have no money will not only be able to pay their bills but also reinvest in small businesses.

We see the end result of predatory capitalism and conservative politics where the only ones with money available are the 1%. And now they are wondering how they can make more money. The answer is to tax the highway at 1% even at 2008 levels and provide a universal basic income that allows everyone to have a floor below which no one falls.

Response from the People’s Party of Canada candidate, Stephen Makk:
Deficits, public debt and quantitative easing (money printing) are just taxes on future generations. The PPC would end federal spending programs related to COVID and would not allow any increases in overall spending during its first term.

We would eliminate the deficit within four years through fiscal prudence and spending cuts, including corporate welfare (~ $ 10 billion), foreign aid (~ $ 5 billion), reduced subsidies to CBC and other media (~ $ 2 billion) and reduced flow-through funding. to provinces / municipalities.

We would simplify the tax system.

Once the budget is balanced, we would stimulate growth by reducing income taxes and capital gains taxes as quickly as fiscal flexibility allows. A PPC government would set the Bank of Canada’s target inflation rate at 0%. Inflation is already on the rise and if left unchecked it will end up being another “tax on everything” and a debasement of our currency. Inflation hurts the poor and those on fixed incomes the most.

A thriving economy needs LESS government intervention, and a thriving economy creates jobs in all sectors where there is demand.

Finally, the PPC would create a new department, that of Interprovincial Trade. We would remove all barriers to trade in Canada. Analysts say it would be like a 6-7% increase in GDP there.

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