Business
Federal government’s emission-reduction plan will cost Canadian workers $6,700 annually by 2030—while failing to meet government’s emission-reduction target
From the Fraser Institute
The federal government’s plan to reduce greenhouse gas emissions will impose significant costs on Canadians—while also failing to meet the government’s own emission-reduction target, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“The government’s plan will significantly hurt Canada’s economy and cost workers money and jobs,” said Ross McKitrick, professor of economics at the University of Guelph, senior fellow at the Fraser Institute and author of The Economic Impact and GHG Effects of the Federal Government’s Emissions Reduction Plan through 2030.
The government wants to reduce greenhouse gas (GHG) emissions to 40 per cent below 2005 levels by 2030. To meet this target, the government has enacted a series of policies including the federal carbon tax, clean fuel standards and various other GHG-related regulations such as energy efficiency requirements for buildings,
fertilizer restrictions on farms, and electric vehicle mandates.
The study finds that these combined policies will only reduce GHG emissions by an estimated 57 per cent of the government’s 2030 emission-reduction target.
And crucially, by 2030 these policies will:
• reduce Canada’s GDP by 6.2 per cent
• cost $6,700 per worker annually
• reduce employment in Canada by 164,000 jobs
“This poorly-designed plan, which will worsen the current downward trends in productivity and income, will reduce emissions but at a cost many times higher than the government’s estimated benefits,” McKitrick said.
- The federal government has set a GHG emissions reduction target of at least 40% below 2005 levels by 2030, equivalent to 38.5% below 2022 levels.
- This report examines proposed policies aimed at achieving these goals and evaluates their potential impact, aiming to address the gap left by the federal government’s lack of efforts in this matter.
- The paper uses a peer-reviewed macroeconomic model to assess the federal government’s Emissions Reduction Plan (ERP), including carbon pricing, Clean Fuel Regulations, and other regulatory measures such as EV mandates.
- It is estimated that the ERP will reduce Canada’s GHG emissions by about 26.5% between 2019 and 2030, reaching approximately 57% of the government’s 2030 target, leaving a substantial gap.
- The implementation of the ERP is expected to significantly dampen economic growth, with a projected 6.2% reduction in Canada’s economy (i.e., real GDP) compared to the base case by 2030.
- Income per worker, adjusted for inflation, is forecasted to stagnate during the 2020s and decrease by 1.5% by 2030 compared to 2022 levels.
- The ERP costs $6,700 per worker annually by 2030, which is more than five times the cost per worker compared to the carbon tax alone.
- Overall, while the federal ERP will contribute to reducing GHG emissions, it falls short of meeting the 2026 or 2030 targets and imposes significant economic burdens on Canadian households. Additionally, due to the high marginal cost of many regulatory measures, the ERP plan is costlier than it needs to be for what it will accomplish.
Author:
Business
DOGE already on the job: How Elon Musk and Vivek Ramaswamy caused the looming government shutdown
Legislators had 24 hours to read through 1,547 pages. Ramaswamy read them. Musk presented an alternative. The process collapsed.
Elon Musk and Vivek Ramaswamy are flexing their muscles even before President Elect Donald Trump’s inauguration, spiking a bipartisan spending bill. The bill was introduced on Tuesday with voting scheduled for Wednesday. Legislators were under massive pressure to approve of the spending bill or risk a government shut down. Problem is, the bill was over 1,500 pages long!
Chances are, the bill would have passed and in the ensuing weeks as details became known the public would have been outraged by all the extra plans to spend / waste taxpayer dollars. Legislators would have apologized by saying they simply had no time to read everything and they were desperate to avoid a shut down.
That’s where the new DOGE comes in. First Ramaswamy somehow read the bill and posted a video to TikTok and X to inform voters what they were going to be paying for in this new bill.
@vivekramaswamy Congress wants to waste your money without telling you, make sure that doesn’t happen
From MXMNews
The newly formed Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, successfully campaigned to halt the bipartisan continuing resolution (CR) in Congress. Musk and Ramaswamy took to X, rallying conservatives against the 1,547-page stopgap funding measure they argue is riddled with wasteful spending and unnecessary policy provisions.
Musk, a billionaire entrepreneur and vocal advocate for government reform, characterized the bill as a “pork-barrel” monstrosity. “Unless @DOGE ends the careers of deceitful, pork-barrel politicians, the waste and corruption will never stop,” Musk posted on X, adding that lawmakers who support the bill should be “voted out in two years.”
Meanwhile, Ramaswamy, a former Republican presidential candidate and DOGE co-chair, proposed an alternative to the bulky spending bill. Sharing a draft of his one-page resolution, he described it as a minimalist approach that avoids exacerbating historical spending excesses. “This is what a clean CR looks like,” he wrote, emphasizing the need for fiscal restraint.
Musk and Ramaswamy posted this to X.
Shorter = better. This bill is only 116 pages, instead of 1,500+ pages. Took a LOT less time to read. Glad to see the following garbage from yesterday’s bill removed in the current version: – Congressional pay raise/health benefits – 17 miscellaneous commerce bills – Random new pandemic policies, like funding for “biocontainment research laboratories” – Renewal of the “Global Engagement Center,” a key player in the federal censorship state
In record time, the public was informed, politicians were influenced by outraged taxpayers, and politicians blamed each other for a faulty bill and were forced to go back to the drawing board.
It’s all explained very well in this video presentation from Kaizen Asiedu, a Harvard graduate in philosophy who makes videos informing Americans about complicated political matters.
Friday’s deadline to avoid a government shutdown looms. Musk posted on X that a shutdown would be “infinitely better than passing a horrible bill.” His DOGE partner Vivek Ramaswamy urged Americans to contact their representatives to “stop the steal of your tax dollars.”
And President-elect Donald Trump posted this: “If Democrats threaten to shut down the government unless we give them everything they want, then CALL THEIR BLUFF,”.
Should the spending bill fail, it will mark a significant victory for DOGE and a potential turning point in efforts to reform Washington’s spending habits.
Business
Senator Introduces Bill To Send One-Third Of Federal Workforce Packing Out Of DC
From the Daily Caller News Foundation
By Harold Hutchison
Republican Sen. Joni Ernst of Iowa introduced legislation Thursday that would send nearly a third of the federal employees out of the Washington, D.C. metropolitan area.
The bill, known as the ‘Decentralizing and Reorganizing Agency Infrastructure Nation-wide To Harness Efficient Services, Workforce Administration, and Management Practices (DRAIN THE SWAMP) Act, is far more sweeping than the “Returning SBA to Main Street Act,” legislation introduced by Ernst Dec. 12 that focused on the Small Business Administration (SBA). Ernst told the Daily Caller News Foundation that the move would improve services for Americans while saving billions of taxpayer dollars.
“Federal employees don’t want to work in Washington, so why should taxpayers be footing the bill? By relocating at least 30% of the federal workforce, we will save billions and improve service for veterans, small businesses, and all Americans. The bureaucrat laptop class has been out of the office for far too long, and it is time to get them back to work for the American people,” Ernst told the Daily Caller News Foundation.
The legislation requires most government agencies to “promote geographic diversity, including consideration of rural markets” when relocating employees from the D.C. area and to “ensure adequate staffing throughout the regions of the Administration, to promote in-person customer service.” Exceptions are made for fewer than 10 agencies, most involved in national security, like the Department of Defense, Central Intelligence Agency, the Department of Homeland Security, and the Department of Energy.
The legislation also requires most federal agencies to reduce the total office space in their Washington, D.C., headquarters by at least 30% in a two-year timeframe following the bill’s enactment.
Ernst issued a 60-page report Dec. 5 that covered findings from Ernst’s investigations into telework since she sent an August 2023 letter to 24 government agencies requesting a review of the issues involved with telecommuting.
Previous investigations by Ernst into telecommuting by federal employees detailed the issues that telework created involving locality pay, an adjustment to the basic pay of civilian employees in the federal government intended to make sure that federal employees have comparable compensation to private-sector counterparts in a given area of the country. In the August 2023 letter sent to 24 government agencies requesting a review of the issues involved with telecommuting, Ernst cited a media account of a VA employee who attended a staff meeting while taking a bubble bath.
Ernst issued a 60-page report Dec. 5 that covered findings from her investigations into the issues involved with telecommuting by federal employees. Those findings detailed issues that telework created involving locality pay, an adjustment to the basic pay of civilian employees in the federal government intended to make sure that federal employees have comparable compensation to private-sector counterparts in a given area of the country.
In one case cited by the senator on multiple occasions, a United States Agency for International Development (USAID) employee received locality pay for the Washington, D.C., area despite living full-time in Florida. The employee in question retired before the conclusion of the probe, according to a summary posted on the USAID inspector general’s site April 30.
Ernst’s legislation mandates that affected federal agencies “ensure that the rate of pay of the employee is calculated based on the pay locality for the permanent duty station of the employee.”
The Office of Management and Budget did not immediately respond to a request for comment from the DCNF.
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