The Liberal Party of Canada continues to receive support for its fully-costed Liberal Platform that gives Canadians equal opportunity to succeed by putting families at the centre of its economic priorities.
On the “3D policy” website former federal Deputy Minister of Finance Scott Clark and former Director of Fiscal Policy at the federal Department of Finance Pete DeVries – who helped balance the budget in the 1990’s under a Liberal government – praised the prudent fiscal approach outlined in the Liberal Platform to reduce the deficit and focus on the priorities of Canadians:
“In our opinion, the estimates used in the Liberal platform are reasonable.
“If oil prices continue to stay above the level assumed in the March 2011 Budget, and commodity prices continue to rise then corporate profits will be higher and the revenue savings resulting from keeping the rate at 18% could actually be higher than in the Liberal platform.
“To its credit, the Liberal platform recognizes this uncertainty [of corporate tax cut and deficit projections] and proposes to double the Contingency Reserve to $3 billion annually. This prudence reserve provides a $6 billion buffer over two years against adjustments to the costing estimates, twice as large as in the Government’s March 2011 budget.”
This proves that Liberals can strengthen families – without raising their taxes – if we stop corporate giveaways, control wasteful spending like $30-billion fighter jets, and focus on what really matters: giving every Canadian the tools to succeed.
