CBC - Much Ado About Nothing
Let me get this staight. The Conservatives announce on December 1st that they will:
"A Conservative government would enact the retroactive measures applying to the 2005 tax year. We would suspend their future measures in order to deliver broad-based and responsible tax relief, which will ultimately save Canadians more in their taxes and will be affordable in terms of the delivery of federal services."
Now a month later, the CBC is reporting this shocking develoment ... as something new?
As Monte says "Sure the Conservatives "claim" that their combination of GST tax cuts and personal income tax cuts will be much larger and more fair than those proposed by the Liberals, but then the Conservatives aren't actually Canadian and the Conservatives all have shifty eyes too. Well, not eyes really, more like optical sensors because the Conservatives are actually evil robots, but that's a Reality Check for another day."
"A Conservative government would enact the retroactive measures applying to the 2005 tax year. We would suspend their future measures in order to deliver broad-based and responsible tax relief, which will ultimately save Canadians more in their taxes and will be affordable in terms of the delivery of federal services."
Now a month later, the CBC is reporting this shocking develoment ... as something new?
As Monte says "Sure the Conservatives "claim" that their combination of GST tax cuts and personal income tax cuts will be much larger and more fair than those proposed by the Liberals, but then the Conservatives aren't actually Canadian and the Conservatives all have shifty eyes too. Well, not eyes really, more like optical sensors because the Conservatives are actually evil robots, but that's a Reality Check for another day."
posted by pale at 8:55 AM
3 Comments:
Isn't it interesting that the Liberal blogs are not pointing out that the same CBC has a chart comparing Liberal tax cuts to Conservative tax cuts. Link
The Liberals will give back to Canadians $33 Billion while the Conservative will give back $58 Billion. The Liberal also have a $1.5 Billion break for large Cooporation while the Conservative have none.
The Liberals have tax cuts in 4 areas while spending additions in 24 areas. The Conservatives have tax cuts in 15 areas (12 of which would benefit low income people) and spending in 5 areas. But somehow the Liberal blogs are trying to paint a picture the Liberals would give more back to the people - that's Liberal math for you.
Michael J. Fox for Premier: his campaign motto "Back to the Future!" would fit right in.
FYI, as per StatCan, the bottom 50% of earners make up only 4.4% of the personal income tax revenue, whereas the top 10% of earners pay a whopping 54% of the total.
I did a laymans analysis of the two tax plans. The 1% cut to lower income bracket of the Liberals and a 1% cut and 2% cut to the GST.
The Libs plan would save that lowest tax bracket about $233M total.
The GST cut will bring $4Billion in savings overall, and assuming a modest 10% of the total GST is paid by the lowest 50% earning Canadians, the savings come to about $400M for a 1% GST drop, and $800M for a 2% drop.
Again, just laymans math, but it clearly shows the lower tax bracket gaining more in both the short term (6% GST) and long term (5% GST).
Bravo Mr. Harper for using a calculator and shame on you Liberals and Dippers for still using an abracadabracus to pull magic assumptions out of a hat.
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