Tax cuts can’t compare with “timely, targeted and temporary” capital projects
As Canada’s lobby group for local government, the Federation of Canadian Municipalities, releases a list of hundreds of “shovel-ready” projects this morning, Canadian Business offers a broader view of why infrastructure is so hot. Tax cuts and so-called automatic stabilizers—unemployment insurance benefits and other payments that ramp up during hard times—can’t compare with “timely, targeted and temporary” capital projects. This article discusses why infrastructure is in vogue, not just in Ottawa in the run up to the Jan. 27 budget, but from “Beijing to Brasilia.”