The provincial ministers of finance met all day in Ottawa in preparation for a meeting this hour with federal Finance Minister Ralph Goodale. The provincial ministers say they'll tell Goodale that economic growth should be the top priority for Goodale's upcoming federal budget.
Many economists have argued that the best way to stimulate economic growth would be to lighten corporate and personal income taxes.
And yet, when asked, the provincial finance ministers admitted that tax cuts did not at all come up in their discussions.
“The question of broadly based tax cuts was not discussed,” said Ontario Finance Minister Greg Sorbara.
Of course! they're finance ministers, not economy ministers. I say tie their salaries to non-cyclical economic growth in their provinces.
And they are the ones who are suppose to collect taxes. I feel sorry for them.