Dominique Anglade struck a blow by promising Quebecers a tax cut. So will François Legault, while paying another one-time allowance at the end of the fall should he be re-elected.
Commenting on the Liberal Party’s (PLQ) rushed pledge on Monday in Montreal, the CAQ chairman recalled that he had never ruled out promising a tax cut as well.
According to our information, such a measure will be part of the platform presented by the Coalition Avenir Québec (CAQ) in the election campaign.
In addition to the $500 paid in a tax credit this spring and another amount granted in November or December, the CAQ is committed to lowering the tax rate.
The measure could be phased in during the term of office.
In its reflection, the CAQ may conclude that the accumulation of amounts paid on time in the current year will be enough to help Quebecers deal with inflation in the short term.
On the other hand, the party believes that the prices of certain goods will remain high even if inflation falls, which will require sustained support thereafter.
Dominique Anglade would therefore grant a partial retrospective tax credit of 1.5% for the 2022 financial year.
Perhaps she allowed herself that promise, which would cost the state $2 billion in addition to some other fiscal measures, because she knows she won’t form a government the day after October 3rd.
Add up the tax cut, the $2,000 annual payment to seniors, free school lunchtime supervision, and free public transportation for students and those aged 65 and over, to name a few, and the bill associated with the platform gets salty be.
The Caquisten are said to be becoming more measured, even if at some point they will resent not being able to appoint themselves “Portfolio Champion” in a situation of superiority.
Is it a good idea to tie your hands with an irreversible tax cut while the costs of infrastructure, schools, retirement homes skyrocket?
The news went unnoticed, but to ensure the construction of the necessary day care centers, Minister Mathieu Lacombe increased the funding scale for CPE projects by 76% in May.
According to our information, with the blessing of Treasury Secretary Eric Girard, $450 million was paid into the Quebec Infrastructure Plan (PQI) in one fell swoop. This does not take into account the additional expenditure associated with the “refounding” of the health network.
The rise in interest rates will also affect the state’s debt service, which was already costing a hefty $9 billion before the outbreak.
Last week, economist Pierre Fortin argued on our site that it would be “irresponsible” to cut taxes.
Former Liberal Finance Minister Carlos Leitao thought the same thing in March. According to him, the sharp increase in government revenue since the beginning of the year justifies his reversal. The Quebec Auditor General is due to deliver its report on the primary state’s finances on August 15. This impartial exercise will make it possible to assess both the deficit reduction expected for the current year and the possible scope.
His portrait will help assess the realism of the Feast of Promises already in full swing.
Jonathan is a fan
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Out with the furniture!
File photo, Stevens LeBlanc
Usually, elected officials who lose their election or retire have one last chance to greet colleagues by vacating their offices after the election. But since all of the outdated furniture on the floors of Parliament will be replaced this summer ($2.3 million cure), they had to leave with their personal belongings at the end of the session.