Red Deer District Chamber responds to federal budget
The Red Deer and District Chamber says it has reviewed the federal budget and despite a few bright spots, says there are no efforts to boost productivity and innovation in the country which the organization says is sorely needed for economic growth.
Scott Robinson CEO for the Red Deer District Chamber commented, “The budget’s tagline is “Fairness for every generation”; however, it is unlikely that the spending will improve conditions and continuing to increase taxes and spending will simply add to the inflation and GDP stagnation that we are facing, as public debt reaches record highs”
The Chamber says highlights include:
• Carbon tax rebates are finally being introduced for small businesses (499 or fewer employees), with approximately 600,000 firms eligible for a share of $2.5 billion. Consumers began receiving these rebates over five years ago and now small businesses will finally see the return of some of the tax dollars collected through the carbon price’s fuel charge.