It was a day when the competing pledges went a bit…dumb, as the two main parties put out competing policies on the same issue, this time being energy efficiency home renovations. Andrew Scheer was out first in Jonquiere, Quebec, where he fleshed out the previously promised tax credit for said renovations. As a way of reducing GHGs, there is very little bang to be had for the bucks being expended on it, and when pressed by a CBC reporter, Scheer couldn’t give any answers in terms of megatonnes of carbon emissions reductions that need to happen for the Paris targets to be reached (which he still mouths that he’s interested in). Add in the fact that he’s promising to cut the HST on home heating is a signal for people to use more fuel (prices are incentives, remember), so the tax credit pays for people to cut back, which makes no economic sense. (But this is a right-flavoured populist party, so don’t expect market solutions any longer). Above all, the plan is simply to let people who are wealthy enough to own houses and pay for the renovations simply add value to said homes at the taxpayer’s expense, which puts a lie to the narratives about “affordability.”
And of course, the incentive to retrofit are even stronger w/ a carbon tax. But Tories won’t charge that, either.
Rather than adjust prices to reflect cost of carbon and let people choose for themselves how best to cut emissions, Tories subsidize particular choices … https://t.co/JJrCbCSkvD
— Andrew Coyne 🇺🇦🇮🇱🇬🇪🇲🇩 (@acoyne) September 25, 2019
Shortly thereafter, Justin Trudeau was in Port Coquitlam, BC, to showcase their green energy retrofit programme, which involves interest-free loans, free energy audits, cash incentives and grants, and would also be eligible for renters and landlords as opposed to just landlords. One of the more expensive elements of Trudeau’s pledge was for national flood insurance and enhanced EI benefits for natural disasters, which he says still need to be devised – but flood insurance is going to be costly. The Conservatives then attacked this plan by saying that people can’t necessarily afford the loans…but their plan requires people to pay for the renovations up front in order to get the tax credit, so it makes no sense. It’s starting to feel like we’re living through the stupidest election yet.
This attack doesn’t make sense. The Conservative plan also requires people to pay upfront for renovations that they’ll get a tax credit on.
This is the stupidest election. #Elxn43 pic.twitter.com/piEjzsaLnC— Dale Smith (@journo_dale) September 25, 2019
https://twitter.com/EmmMacfarlane/status/1177041128991932417
Jagmeet Singh was in Burnaby to promise that he would bolster the RCMP’s efforts to combat money laundering as a way to make housing more affordable, particularly in British Columbia, plus a 15 percent foreign buyer’s tax on properties.