The Impact of Carbon Pricing on Household Income and the Economy

In this video, Andrew Scheer delves into the financial implications of the carbon tax with the Parliamentary Budget Officer (PBO), Yves Giroux. Scheer inquires about the per household impact of a $25 billion cost on the global economy, uncovering insightful details on how investment income and labor income are affected. Giroux explains the channels through which households would feel the impact, highlighting that these effects are more significant than the overall GDP impact. Learn about the PBO’s updated analysis of the distributional impact of carbon pricing and the collaborative efforts with Environment and Climate Change Canada. Don't miss this in-depth discussion on the real costs of the carbon tax for Canadian households.
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