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I wonder if the cons will continue with their "no more tax cuts" stance?

The Liberals position is that income tax cuts are more benficial then GST cuts and on that they are 100% correct.

income tax cuts provide savings for everybody whereas GST cuts only save those who spend money on GST taxed items.

In addition, GST cuts shift a greater tax burdern onto the tax paying citizens.

Canada has approx 2 million visitors per year. All pay a given amount of GST which they cannot/don't get refunded. That revenue will be lost and the difference made up through other taxes, chiefly income tax.

   

but the thing is the conservatives actually kept there word and cut the gst , the liberals like dalton mcguinty just promise to cut taxes or not cut them then when they get in they do something else it has happened all the time , if the federal liberals had kept there word in 93 we wouldn't be paying any gst right ?

   

No, the cons reneged on their tax promises by actually raising income taxes to pay for the GST cut then raising them sparsely and then telling everybody that depsite pledges to the contrary the impending US recession means no more tax cuts can be expected.

   

Ya but raising the GST doesn't seem to be best campaign promise to go into an election with. Eastern Canada is hurting and I don't think raising taxes when so many people are being laid off is going to win the Lib's any votes. Not unless they can come out with some type of stellar tax cut that will off set raising the GST back up.

It doesn’t matter if it’s a good idea or not, it won’t be vote winner.

   

Context is the key. Con spin reports the "alleged" GST raising but it fails to address that it would be in conjunction with an income tax cut.

The Liberal position was that income tax cuts were a better choice then GST cuts.

People being laid off? Jim Flaherty just painted a rosy picture. All partisanship aside, GST cuts won't spur buisness development. They are too small to encourage consumer spending in a way that buisnesses are benefitted.

GST cuts only help those making big ticket purchases covered by it but income tax cuts affect everybody. In addition as my previous post mentioned we lose out on income from the 2 million visitors (the defining point in Australia in their GST debate) forcing us to pay more.

An over-looked factor is the decreasing prime interest rate which does spur growth and development at the cost of decreased investment.

Good or bad is entirely subjective. Low interest rates adversely affect stocks but encourage buisness growth (through venture capital risks and such).

Harper has cut the prime rate several times but thats no surprise because he is a trained economist and knows what is good for the economy.

The GST was purely political. Any cut to that yields far more political dividends and he knows it. Thats why he did it.

   

A cut to income tax does not benefit those below the poverty level because they don't earn enough or even file for a GST rebate. A GST cut will reduce the ammount they pay out of pocket in the first place.

   

Yes it does because those below the line paying tax get those refundable tax credits in cash just like the GST rebate that is clawed back because we are paying less.

The bulk of their purchases are GST exempt anyway and gets clawed back through decreased GST rebates.

Income tax cuts are better.

   

Then why don't you compliment the Harper government for having the lowest income tax rates?

   

If you're down and out, homeless, and make money begging or busking, you probably don't fill out annual tax forms or apply for GST rebates.
The reduction in GST on that 3x pack of hotdogs at the 7-11 is a lot more beneficial then.
It's a pretty sure bet that the people who are below the poverty line are also poor money managers.

   

Yes they can. As long as they actually submit an income tax claim they get all their tax back, receive all refundable tax credits (of which rent is the major portion) and can apply for the GST rebate which they will get.

Anybody making so little money that the GST cut helps them better then an income tax cut won't be saving any significant amount and when you factor in the loss of GST revenue from the 2+ million visitors that must be made up by the tax payer it just isn't worth it.

Once again, in order to benefit from the GST cut you have to spend money but you benefit from an income tax cut regardless of whether you spend or save.

If the GST cut is so much better then why didn't Harper simply eliminate it and not provide income tax cuts? Thats because as a trained economist he understands that income tax cuts are more beneficial but as a politican a GST cut is more popular and reaps more support accordingly.

   

Quebec wants to exercise itself on its territory the role that is actually played by the CRTC.

   

I'm a strong supporter of Liberal Values however, i would say that the current liberal party has fallen short of those values.
What i would like to see in a future election is an increase in the goods and services tax; its about time that the government stop helping big corporations and provide much needed services to the working class.
There also needs to be amendments to the Youth Criminal Justice Act that focuses on Rehabilitation and reform, meant to allow young offenders to be able to assimilate back into society
There also needs to be policies set in place to help Canadians against rising fuel and food prices.

   

go back and read my response to your post in the other thread.

post1295261#p1295261

   

I'm not a big supporter of Dion, corporate taxes being one of the reasons.

   

Sales taxes are considered to be regressive tax; that is, low income people tend to spend a greater percentage of their income in taxable sales than higher income people.

http://en.wikipedia.org/wiki/Sales_tax

   

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