Tuesday, March 30, 2010

Tax Berserk

Micheal Ignatieff stated that his platform at Montreal. One of his new ideas is to freeze the tax on corporation. Now of course when the Conservatives hear "tax" from a Liberal they go off and say that they will never support a tax hike, a job killing tax, they act like the Liberals have just said that Canada is not a country. First, their is a big difference between hike and freeze and if the Conservative party does not know the difference I would not trust their budget at all. Now, I believe that instead of freezing taxes how about lowering taxes for new companies and increase the tax on big corporate company's. So new jobs can be made and the deficit could lower a decent amount.If you are worried about competitiveness Canada has one of the most lowest taxes in the world.
"After being gone for 34 years, [Ignatieff has] come back to Canada with a reckless plan to raise taxes. Ignatieff's tax hikes will kill jobs, put the brakes on our recovery and set Canadian families back," Soudas said.
However, Ignatieff argued that, thanks to years of Liberal and Conservative reductions, Canada's corporate tax rate is already 25 per cent lower than in the United States. He said that leaves some room to defer the scheduled cut to 15 per cent by 2012 without hurting competitiveness.
He reminded Liberals that "we've been here before," when Jean Chrétien promised to reduce a $42 billion deficit in 1993 to three per cent of GDP.
Chrétien's government exceeded its target and erased the deficit entirely within four years.
http://www.cbc.ca/canada/story/2010/03/28/ignatieff-promises.html#ixzz0jZwRMUzx


5 comments:

  1. Iggynomics

    Terence Corcoran, Financial Post Published: Tuesday, March 30, 2010

    Just as Canada has begun making progress on the global tax scene, along comes Liberal leader Michael Ignatieff with a plan to shift gears and head backwards. Only last week, Bank of Canada Governor Mark Carney was hailing Canada's falling corporate tax burden. "Corporate tax competitiveness -- particularly for new investment -- has improved markedly over the past decade and is now among the most attractive in the industrialised world."

    Not for long, if Mr. Ignatieff has his way. Looking into the rear view mirror of his economic model, a not unfamiliar driving position for Liberals, Mr. Ignatieff has decided he would like to keep Canada's federal corporate tax rate at 18% for the next few years rather than lower it to 15%.

    Read more: http://www.nationalpost.com/opinion/columnists/story.html?id=70787d22-2b0a-458a-9222-34328fd6c464#ixzz0jf36WbWo

    ReplyDelete
  2. When the Liberals were in office we saw massive cutting of transfers to the provinces for Health, Education and Social Services, the raiding of the pensions of the Public Service, the RCMP and the Military, the illegal appropriation of some $54 Billion Dollars paid by workers and their employers into EI, myriad scandals involving graft and corruption by the Liberal Party, the most notable being ADSCAM, and one of the most infamous quotes coming from Justice Gomery saying of the Liberal Party, ‘they are criminally organized”.

    The Liberal Party is toast, there is no way back.

    And now they suggest a national carbon tax?

    And when will they pay back that missing $40 Million from ADSCAM?

    What about the $162 Million Taxpayer Dollars Paul Martin’s CSL received while he was Finance Minister?

    ReplyDelete
  3. Proofed.

    Oh, and will someone please shut Dmitri up? The spin doctor should have his licence to practice revoked. One trick pony and an angry one at that.

    Micheal Ignatieff stated that one of his new ideas is to freeze the tax cuts on corporation. Now of course when the Conservatives hear "tax" from a Liberal they go off and say that they will never support a tax hike, a job killing tax, they act like the Liberals have just said that Canada is not a country. First, there is a big difference between hike and freeze and if the Conservative party does not know the difference, I would not trust their budget at all. Now, I believe that instead of freezing taxes how about lowering taxes for new companies and increase the tax on big corporate companies? This way, new jobs can be created and the deficit could be lowered a decent amount. If you are worried about competitiveness, Canada has one of the lowest corporate tax rates in the world.
    "After being gone for 34 years, [Ignatieff has] come back to Canada with a reckless plan to raise taxes. Ignatieff's tax hikes will kill jobs, put the brakes on our recovery and set Canadian families back,"Soudas said.
    However, Ignatieff argued that, thanks to years of Liberal and Conservative reductions, Canada's corporate tax rate is already 25 per cent lower than in the United States. He said that leaves some room to defer the scheduled cut to 15 per cent by 2012 without hurting competitiveness.
    He reminded Liberals that "we've been here before," when Jean Chrétien promised to reduce a $42 billion deficit in 1993 to three per cent of GDP.
    Chrétien's government exceeded its target and erased the deficit entirely within four years.

    http://www.cbc.ca/canada/story/2010/03/28/ignatieff-promises.html#ixzz0jZwRMUzx

    ReplyDelete
  4. Da poof is in da proof cause da proof id da proof.

    Liberal has da goof for da leader.

    ReplyDelete
  5. Anonymous iggynomics what about harpernomics giving all the money to big corporations so that they can keep polluting more saying that the economy is fine then says it is going to be the worst economic time since the great depression say they will reform the senate then appoint 18 senators in one night says that Canada will never have a deficit then says Canada will have the biggest deficit in history he lowers revenue and increases spending when he came into office he prorogue parliament when he pleases ya this government is setting us back to the Reaganomics of the 1980s

    ReplyDelete

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