CANADA – Feds admit carbon tax costs billions a year, isn’t revenue neutral
Environment Minister Steven Guilbeault released data confirming the carbon tax is a net cost for the economy. The Department of Environment says the tax will cut economic production by up to $30 billion annually.
Federal data released Thursday contradicted the claim that the carbon tax is revenue neutral. “This analysis does not take into account the benefits of investing to fight climate change,” Guilbeault told reporters after the figures confirmed past Budget Office findings that the tax costs tens of billions a year.
“How can you continue to claim that the carbon tax is ‘revenue neutral’ and that funds will be returned to the province in which they were collected when you have failed to return $2.5 billion over five years?” said Alberta Environment Minister Rebecca Schulz. “Increases in the carbon tax, coupled with minimal compensation, made the cost of doing business substantially higher, negatively impacting thousands of businesses,”
https://www.rebelnews.com/feds_admit_carbon_tax_costs_billions_a_year_isn_t_revenue_neutral?