Canadian Budget 2025: Sacrifices and Winners
The Prime Minister stated that Canadians should be prepared for sacrifices, prompting the Green Party to ask: who will sacrifice and who will profit?
Elizabeth May, Green Party Leader, and Mike Morrice, former Green MP, highlighted the impact of the Liberal 2025 budget on various groups.
- Losers: climate action, nature, and healthcare expansion programs
- Winners: billionaires, multinationals, and foreign-owned fossil fuel giants
The budget is full of sacrifices for programs Canadians rely on, but not for billionaires, multinationals, and foreign-owned fossil fuel giants.
The budget has eliminated Canada's oil and gas cap, numerous climate-related programs, and increased oil and gas production, contradicting the country's Paris Agreement commitments.
The "Productivity Super-Deduction" aims to reduce Canada's marginal effective tax rate, making it competitive with international tax rates, which the Green Party considers a "race to the bottom".
Author's summary: Canada's 2025 budget prioritizes billionaires over citizens.