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House Hansard - 56

44th Parl. 1st Sess.
April 8, 2022 10:00AM
Context: House Hansard - 56 - Apr/8/22
Mr. Ken Hardie (Fleetwood—Port Kells, Lib.)
  • Apr/8/22 12:47:39 p.m.
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Mr. Speaker, this budget has been described as modern supply-side economics. The traditional supply-side economics, as brought forward by Margaret Thatcher and Ronald Reagan, went for deregulation and big tax cuts for big business so that it would expand. It worked, except it worked in Asia and not in North America, and we lost a lot of good middle-class jobs. According to Janet Yellen, the U.S. treasury secretary, modern supply-side economics prioritizes labour supply, human capital, public infrastructure, research and development and investments in a sustainable environment. I would like the hon. member's comments on whether he sees this budget in the same light.
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