From the Canadian Taxpayers Federation

By Devin Drover 

There is no realistic chance the legislation will pass before the next election. Despite this, the CRA is pushing ahead with enforcement of the tax as if it is already law.

The Canadian Taxpayers Federation is filing a legal challenge today to stop the Canada Revenue Agency from enforcing a capital gains tax increase that has not been approved by Parliament.

“The government has no legal right to enforce this tax hike because it has not received legislative approval by Parliament,” said Devin Drover, CTF General Counsel. “This tax grab violates the fundamental principle of no taxation without representation. That’s why we are asking the courts to put an immediate stop to this bureaucratic overreach.”

The CTF is representing Debbie Vorsteveld, a resident of Mapleton, Ontario. Last year, she and her husband, Willem, sold a property that included a secondary home. They had rented the secondary home to their adult children, but had to sell it when their kids were ready to move on. The CRA says the Vorstevelds must pay higher capital gains taxes under the proposed capital gains increase or face financial penalties.

The CTF is seeking urgent relief from the Federal Court to block the CRA’s enforcement of the proposed tax increase. In its application, the CTF argues the tax increase violates the rule of law and is unconstitutional.

The government passed a ways and means motion for the tax increase last year but failed to introduce, debate, pass, or proclaim the necessary legislation into law.

Parliament is now prorogued until March 24, 2025, and opposition parties have all pledged to bring down the Liberal government. As a result, there is no realistic chance the legislation will pass before the next election. Despite this, the CRA is pushing ahead with enforcement of the tax as if it is already law.

A new report from the C.D. Howe Institute shows the capital gains tax increase will result in 414,000 fewer jobs and shrink Canada’s GDP by nearly $90 billion.

“The undemocratic capital gains tax hike will blow a huge hole in Canada’s economy and punishes people saving for their retirement, entrepreneurs, doctors and Canadian workers,” said Franco Terrazzano, CTF Federal Director. “It’s Parliament’s responsibility to approve tax increases before they’re imposed, not unelected government bureaucrats.

“The CRA must immediately halt its plans to enforce this unapproved tax hike, which threatens to undemocratically take billions from Canadians and cripple our economy.”

From the Daily Caller News Foundation

By Stephen Moore

The media and the intelligentsia are laughing at President Donald Trump’s idea of the United States acquiring Greenland from Denmark. At first hearing of what seemed to be an outlandish idea, I guffawed too.

Trump’s argument is that Greenland is of strategic military and national security value to the United States. He is also betting this giant island has other rare and undiscovered assets. There is no question that it would serve as a strategic buffer between the United States and Russia and perhaps other hostile nations, including China.

This would be a purchase, not a conquest. But does it make sense? Let’s turn back the clock.

Anyone who paid attention to their U.S. history class in high school has heard of “Seward’s Folly.” This was the American acquisition of Alaska in 1867 by then-Secretary of State William Seward. The price tag was $7 million. That would be the equivalent of less than $1 billion today — or less than what Washington spends every day. Alaska is more than twice the size of Texas, so Russia practically gave it away to us.

The purchase of Alaska was showered with widespread criticism; it was an “icebox” that was viewed as uninhabitable and more suitable for polar bears than people.

How wrong the skeptics were. Alaska was soon discovered to have vast quantities of gold in the Yukon and played a strategic role during World War II. Then, of course, the North Slope of Alaska was discovered to have massive deposits of oil and gas. No doubt, Putin would love today to have Alaska in his portfolio.

Thank God for William Seward.

The idea of purchasing land in order to expand freedom and America’s manifest destiny predates the purchase of Alaska. In the first hundred years of our country’s history, we repeatedly acquired land to expand America’s reach. Most famously, was Thomas Jefferson’s Louisiana Purchase — which roughly doubled America’s land area from the original 13 colonies/states. That purchase was criticized as a “land grab” as well. But it was the gateway to the development of the West.

Florida came shortly thereafter — a virtual gift from Spain. The “Republic of Texas” was an independent territory and joined the U.S. voluntarily and we gladly and wisely brought the Lone Star state into the fold.

Needless to say, none of these acquisitions or additions was “folly.”

Which brings us back to Greenland. Why does Denmark need it? It is hard to imagine anything that would add more income, wealth and security to the less than 100,000 people living in Greenland than to plant the American flag there and make it a U.S. territory. The residents of Greenland would be able to bequeath to their children one of the greatest assets on the planet — a U.S. passport.

While we are on the topic of acquisitions, if Trump is really thinking big, he should also consider offering to bury from Mexico a 50-to-100 mile stretch of coastal land stretching from San Diego down the Pacific coast. If Mexico were to sell that land to us, this idyllic beachfront property might instantly become some of the most valuable land in the world — inflating in price by perhaps 10- to 20-fold.

Here is another thought experiment. Imagine how rich Cuba would be today, if it were an American territory. Cuba could and would be the Hong Kong of the western hemisphere if it detoured from its near seven-decade long excursion into communism.

Trump is not an imperialist. He wants to spread freedom, prosperity and peace to much of the rest of the world. The old joke about Greenland is that it is neither green nor land.

It is a vast sheet of floating ice. Plant the American flag on that ice and suddenly it becomes a hot property.

Stephen Moore is a senior fellow at the Heritage Foundation and a co-founder of Unleash Prosperity. His latest book is “The Trump Economic Miracle.”