Ottawa Now - In an effort to alleviate the pain at the pumps, should the government cut the gas taxes?

The Canadian Taxpayers Federation is calling on the federal and provincial governments to cut taxes, providing relief on the soaring costs of gas. The price-per-litre is set to surpass $1.80 in Canada’s Capital, a jump of roughly 5 cents from the current average. While Canada has maintained its current tax structure, other nations are moving to insulate citizens from some of the sticker shock. For the past 3 months, the Australian government has slashed fuel and diesel taxes in half. In fact, throughout the states of Victoria and Tasmania, public transit fees have been temporarily erased to reduce demand at the pumps. Should governments be cutting gas taxes to provide a dose of financial relief? If so, by how much? We dig deeper with Colin Mang, an economist at McMaster University, on today’s Ottawa Now.