Conservative's GST cuts opportunistic
A Toronto Star editorial today makes much the same point about the Conservative's proposed GST cuts as I made here."Because income taxes - both personal and corporate - eat into the returns people make on their investments, conservatives argue income taxes take away the incentive for people to invest. And because investment is the primary source of wealth creation, conservatives see income taxes as akin to the devil's work.
That is why true conservatives favour income tax cuts over any other. It is also why some would even be prepared to increase a consumption tax, such as the GST, to pay for additional income tax cuts.
So why would a conservative ideologue like Harper be thinking about an election promise to cut the GST?"
The New Democrats need to start reminding people about their tax policy: complete elimination of the GST on family essentials, and targeted income tax cuts. While their proposal won't be free of criticism (those in favour of corporate tax cuts will continue to point out that the NDP intends to maintain them at present levels), the NDP has dropped the more controversial inheritance tax on inheritances over $1 million from their platform.
With the debate shaping up to framed in terms of income tax cuts vs. GST cuts, the NDP is once again in a position to present their ideas as a balanced "compromise solution".
This post tagged as: Conservative Party, NDP, Canadian politics,Canada election
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posted by williamNPH @ 12:22 PM
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