Supply-Side Policies
In this article from Bloomberg, we see that Canada offering tax breaks to businesses. This is good for Canada because it is a solution to keep up with the U.S. tax reform. From having tax breaks they are able to not cut into Canada’s deficit. So far the outcomes of this dissection has worked, Canada has kept up with the U.S. tax reform (JW). Canada has a lot of oil and natural gases and to keep firms there the government is giving them subsidies. They have given about $3.3 billion for oil and gas producers (currency in Canadian dollars). This is good and bad depending where you are looking from, keeping the oil firms there will increases the economy but also giving them subsidies mean that they aren't paying for other things that the government needs to help to people (UC). The government in Canada has decided to cut taxes for their middle class citizens. It was at 22% but now it is at 20.5%. Their reason for doing this is because they trust the middle class will inv...