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OTTAWA—With Canadians in a restive, gloomy mood, the Liberal government rolled out an upbeat, optimistic mini-budget meant to begin the job of convincing voters that they are richer than they think. Finance Minister Bill Morneau also used Wednesday’s economic and fiscal update to address the problem of declining business competitiveness arising from U.S. President Donald Trump’s decision to slash corporate taxes. Brushing aside business demands for equal corporate income tax cuts here, Morneau instead opted to earmark $14-billion

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Opinion

Feds address public angst about economy with ‘you’re richer than you think’ mini-budget

By Les Whittington      

To get re-elected next October, the Liberals will need to persuade voters that the overall economic picture is considerably rosier than commonly thought.

In his economic update on Nov. 21, Finance Minister Bill Morneau, pictured Oct. 25, earmarked $14-billion over five years to provide a hefty tax break for Canadian businesses investing in machinery and equipment, though he shied away from proposing the same degree of corporate tax cuts as U.S. President Donald Trump, says Les Whittington. The Hill Times photograph by Andrew Meade
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