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The House

Midweek podcast: Will tax cuts help embattled Finance Minister?

On The House midweek, Chris Hall looks at the reasoning behind the Liberals' decision to lower the small business tax rate with the head of the Canadian Federation of Independent Business, Dan Kelly. Then, we talk to Chris Torres, the National Organizing Director for United We Dream - the American campaign that pushed Barack Obama to introduce the DACA program that Donald Trump has eliminated.
CBC Radio ·
Prime Minister Justin Trudeau speaks to members of the media as Finance Minister Bill Morneau looks on at a press conference on tax reforms in Stouffville, Ont., on Monday, October 16, 2017. (Nathan Denette/Canadian Press)

It's hard not to be a cynic on this one.

With Finance Minister Bill Morneau on the defensive over his proposed tax changes and questions about how his personal wealth is being handled, Ottawa announced its plans this week to cut the small business tax rate from 10.5 per cent to nine per cent by 2019.

The drop, first announced during the lead-up to the 2015 election campaign, would first lower to 10 per cent on Jan. 1, 2018, and then down to nine per cent on Jan. 1, 2019.

According to the President and CEO of the Canadian Federation of Independent Business, Dan Kelly, the push back of the past few months forced the government's hand.

"The tax cut which I believed was deader than a door nail two weeks ago, was suddenly back on the books," Kelly to The House.

The House also spoke to Chris Torres, the National Organizing Director for United We Dream - the American campaign that pushed Barakck Obama to introduce the DACA (Deferred Action for Childhood Arrivals) program that Donald Trump has moved to eliminate.