The C.D. Howe Institute, in a particularly sharp attack on Canadian finance ministers, said yesterday that the 2007 round of federal and provincial budgets failed to do much to lower the high tax burden on business operations.
In fact, the Conservatives raised income taxes by 1.4 billion per year to help pay for a 1% reduction in the GST. The Cons should ditch these cuts and go back to broad based income tax reductions for all Canadians Canwest reports,
It makes me angry when I hear Harper and Flaherty blather on about all the tax cuts their government has given Canadians when my family have not seen one dime of real benefit. I want the Liberals plan for income tax reductions where less taxes are taken off our bi- weekly paychecks back. The Globe and Mail says,
My husband’s bi weekly “paycheck” income taxes actually went up as a result of the Con tax plan. As a result, we are having difficulty mustering up much gratitude for a penny GST cut in this household.