The 2010 Federal Budget: Canadian Labour Congress Analysis
Posted by ac on March 5th, 2010
“The Budget contains no big surprises but is still a big disappointment. Despite the fact that unemployment is and will remain very high, economic stimulus measures effectively end after this year. A few very small new investments in jobs and skills will be made, but they do not amount to even the beginnings of a strategy to build a new economy. There will be a temporary extension of EI work-sharing, but about 500,000 unemployment claims filed during the Great Recession will still be exhausted. Corporate tax cuts continue, and are even modestly increased in this Budget, so the burden of deficit reduction will fall on government programs.”
Andrew Jackson (CLC chief economist) provides a summary of the budget analysis at rabble.
