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	<title>UM Todayincome tax cuts &#8211; UM Today</title>
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		<title>Winnipeg Free Press: Sagging revenue, soaring spending contribute to Manitoba’s $2-B deficit</title>
        
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		<link>https://umtoday-wordpress.ad.umanitoba.ca/winnipeg-free-press-sagging-revenue-soaring-spending-contribute-to-manitobas-2-b-deficit/</link>
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		<pubDate>Fri, 27 Sep 2024 19:17:14 +0000</pubDate>
		<dc:creator><![CDATA[Fiona Odlum]]></dc:creator>
				<category><![CDATA[UM in the News]]></category>
		<category><![CDATA[department of economics]]></category>
		<category><![CDATA[income tax cuts]]></category>
		<category><![CDATA[Manitoba government]]></category>

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		<description><![CDATA[“The public accounts update shows that concerns raised by academics, labour and community groups over the last year have been well-founded,” said Jesse Hajer, associate professor of economics at the University of Manitoba. “The income tax cuts implemented by the PCs in the 2023 budget, and maintained by the NDP in Budget 2024, are fiscally [&#8230;]]]></description>
        
        <alt_description><![CDATA[<img width="120" height="90" src="https://umtoday-wordpress.ad.umanitoba.ca/wp-content/uploads/2018/08/Money_WEB-120x90.jpg" class="attachment-newsfeed size-newsfeed wp-post-image" alt="Canadian money. // Photo: KMR Photography/flickr" style="margin-bottom:0px;" decoding="async" /> Sagging revenue, soaring spending contribute to Manitoba’s $2-B deficit]]></alt_description>
        
				<content:encoded><![CDATA[<p>“The public accounts update shows that concerns raised by academics, labour and community groups over the last year have been well-founded,” said Jesse Hajer, associate professor of economics at the University of Manitoba. “The income tax cuts implemented by the PCs in the 2023 budget, and maintained by the NDP in Budget 2024, are fiscally unsustainable and have created a structural deficit.”</p>
<p>To read the full story, please visit the <a href="https://www.winnipegfreepress.com/breakingnews/2024/09/27/sagging-revenue-soaring-spending-contribute-to-manitobas-2-b-deficit">Winnipeg Free Press</a>.</p>
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