Tuesday, January 10, 2006

Is GST Best Tax Cut?

Well no. And folks keep forgetting that. The biggest tax cut that the Harper is offering Canadians is his 1% GST cut. Forget the other 1% it won't come into effect for five years, and no government is going to last that long after this election.

Leaders divided on cutting taxes

Harper said the best way to help low-income earners is to trim the goods and sales tax, which every person pays. And Harper said that, overall, "our tax package is larger, people will pay lower taxes."

So what did our earstwhile Globe and Mail blogging panel have to say about that part of last nights debate?


Marcus Gee, 8:59 p.m. It's encouraging that the 2 major parties are arguing about who would give the biggest tax cut. Last time around, Martin said Ottawa had no fiscal space for cuts. Now he's falling over himself trying to pose as Mr. tax cutter.

Marcus Gee, 8:59 p.m. I don't know. The GST cut is easy to understand and sell. Plus voters will trust the tories to do it, while they're not sure when and even if they'd get the Liberal cut.

Marcus Gee, 9:01 p.m. Even Layton says he wouldn't raise taxes!

Brian Milner, 9:01 p.m. But the GST cut is a stupid move.

Marcus Gee, 9:03 p.m. Agreed. Even the folks at the Fraser Institute, Harper's intellectual soulmates, say so. But it's smart politics all the same.

Yep thats all it is politics to get elected, and by the polls its working. As a trax cut well its useless. As soon as your gas prices or consumer prices increase, poof there goes your tax cut.

Economists dump on Harper's GST-lowering plan

Tory tax plan worries some business leaders


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