1984 Conservative Government: Brian Mulroney’s Progressive conservatives came to power in 1984 with a promise to address Canada’s economic problems. In the United States and Britain, conservative governments were cutting back on their role in government. If the conservative government were given large tax breaks, he stated that they would reinvest in the economy and create new jobs for everyone else. Mulroney planned to cut the debt by trimming social programs, and the saving would help pay off the debt, and he would stimulate the economy by cutting the rate of taxes. The FTA would cause businesses to thrive, and people would be employed. In this way, government revenues would increase. But this plan failed and the government was forced to