It will cost $2.4 billion to lift the tax for five months, an official said, a move that will drop the price of gasoline by 10 cents per litre.
Source: Carney government to cut excise tax on gasoline until Labour Day
fta:
Poilievre was defiant about his intention to stay on as Conservative leader to fight Carney, whom he described a day earlier as “very badly educated on economics” — a remark that prompted disbelief from the prime minister.
😅🤣😂
Lewis slammed the decision to suspend the excise tax on gas Tuesday as “effectively a subsidy to the oil and gas industry.” Instead, he said the government should impose a cap on gas prices and hit fossil fuel companies with a new tax on their profits.
could also reduce subsidies to oil & gas& industry, which is how much? Gemini+ sez hard to estimate, depends on differing definitions of subsidies, but estimate ~2B$ – 30B$, so in the ballpark even at the lowest estimates.
