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Fact-checking Joe Oliver: Doing the math on budget 2015

Video: Watch as the federal finance minister presents his party’s economic plan


 

SELL

Finance Minister Joe Oliver presented his 2015 budget speech in the House of Commons on Tuesday. While he delivered, so did our team — fact-checking in live-time — what Oliver was saying—and what he really meant. Watch the replay below and check the images to see what we were able to parse out.

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Fact-checking Joe Oliver: Doing the math on budget 2015

  1. Your translation of “We cannot borrow our way to prosperity” to holding direct spending constant is not quite correct. Tax breaks given out to numerous interests over recent years is a way of doing program spending. The deficit is, after all, the difference between government revenues and spending. You can’t just ignore the revenue side when discussing the deficit. Finance Canada puts out a tax expenditure document every year that lists and estimates the cost of most of those tax expenditures. I haven’t checked it yet but I suspect you will find that government spending using the tax system has grown quite a bit under the Conservatives. And, of course, the GST cut is permanent and also runs counter to balancing budgets.

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