http://cicblog.com/tel8.htm (transcript) - remake: Stephen Harper broken promise by taxing Income Trusts and its unfairness
© Lloyd MacIlquham, all rights reserved, 10 December, 2007
Canada Canadian economy economic taxes budget GST election campaign Stéphane Dion Liberal Stephen Harper Conservative NDP politics
Cutting the Gst by 1% was worse than merely useless as BC just raised taxes 5%. So we went 1% back on GST and 5% forward on PST to make up for the shortfall from the FEDS. That's what I call worse than merely useless Harper accomplished zilch, except keep his promise on one side of his mouth knowing that cutback to the Provinces would cause the Provinces to make up for the cutback by increasing PST thereby placing the tax blame on others.
buddyboyofcanada 3 years ago
Thanks for the comment
Thats why reductions in income tax is a better way to go, as per Dion. Consider the 2 cent reduction on the excise tax for diesel fuel promised by Harper. It seems that any benefit will be absorbed long before it gets to the consumer. Surely if anyone knows this fact of life Harper, who touts himself as an economist, does. The question then because what is the real purpose behind his announcement.
Lloyd
wlloydm 3 years ago