Tuesday, March 30, 2010

Tax-a-palooza (not!)

That's what Industry Minister Tony Clement called the Liberal Party's new policy on corporate tax cuts. The Conservatives are calling ending tax cuts to multinationals and humongous corporations a tax hike. That makes no sense whatsoever. At the Canada 150 conference, the audience heard about the challenges of the ever-rising costs of services. If corporate tax cuts continue, then taxes will have to be hiked to keep the quality of social services at the same level. However, by stopping tax cuts for big companies, we can make sure that Canadians pay less on their tax bill. Cut income tax, shift to companies. Also, by making companies pay a carbon tax, Canadians would have their taxes cut. "Cut income tax, shift to pollution," in the words of Stéphane Dion.
Then he accused the Liberals of wanting to raise taxes on “everything,” including the GST (which is not correct) and payroll taxes (which is also not correct).
“And now they come out and want to raise taxes on job creators, raise taxes on investment. That will not help job creation,” Mr. Baird said.
Mr. Ignatieff shot back that “only a Conservative would call pushing the pause button on corporate tax breaks a tax hike.”
http://www.theglobeandmail.com/blogs/bureau-blog/liberal-tax-a-palooza-or-prudent-pause-on-corporate-cuts/article1516208/

http://www.theglobeandmail.com/news/politics/ambitious-liberal-agenda-lays-groundwork-for-election-battle/article1515164/

2 comments:

  1. I thought tax-a-palooza was what Flaherty did late last week imposing GST costs on a host of financial services that had not been taxed before.

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  2. These are just the major scandals, in all to date since 1993, there have been or
    are still active, over thirty six RCMP investigations of criminality.
    Chretien’s Shawinigate, fired the president of BDBC for refusing loan to friend.
    Chretien still owned shares in golf course, lied to Parliament and Canadian’s.
    Pettigrew’s HRDC Job Training Grants Scandal, over $1 billion missing, Auditor
    General blocked from investigating, dumped in the lap of Jane Stewart who took all the
    heat and eventually resigned.
    Alan Rock’s Gun Registry Fiasco, over $2 billion wasted, questionable contracts
    blockedfrom investigation by Auditor General.
    Paul Martin’s CSL received over $162 million from taxpayer’s pockets, Auditor
    General blocked from examining contracts and loans. Curiously that is almost the exact
    ammount that Paul Martin owed the loan syndicate for his purchase of CSL from Paul
    Desmairis of Power Corporation.
    Sponsorship Scandal, Gomery Inquiry, total whitewash, Gomery not allowed to look
    atEarnscliffe contracts.
    Earnscliffe Contracts Scandal, contracts let by Paul Martin while Finance
    Minister in response to Sponsorship, because his friends weren’t getting in on the pork
    barrel.
    Technology Partnerships Scandal, Auditor General blocked from investigating by
    Martin and Emerson.
    The Dingwall Scandal, Liberal’s paid him severence when he
    resigned.
    Dingwall implicated in the Technology Partnerships for illegal lobbying and
    receiving illegal fees.
    Private Foundations Scandal, $9 billion disappeared, no accounting, Auditor
    General blocked from investigating.
    Income Trust Scandal, destroyed $22 billion in retirement savings value of
    Canadian’s, well connected Liberal’s profit from insider trading. He who had a meeting with
    Bay Street insiders, one of them a best friend, just hours before he made the
    announcement that the government wouldn’t be taxing Income Trusts.
    Auditor General blocked from investigating several crown corporations and
    agencies,among those are Canada Post, Via Rail, Export Development Corporation, Canada
    Wheat Board, Canada Investment Development Corporation, etc.
    Going back to Trudeau, the Auditor General has never been allowed to investigate
    the creation, acquisitions and operations of Petro Canada while a Crown Corporation.
    Maurice Strong, who has been named in the UN Oil for Food Scandal and is of
    interest to the FBI, was Trudeau’s appointee who was responsible for PetroCan’s creation and
    operation. When PetroCan bought Petrofina, that companies book value was $562
    million, yet Maurice Strong paid $2.5 billion taxpayer dollars for it. Mr. Strong is also
    Paul Martin’s mentor and is responsible for bringing us the Kyoto Accord, which is
    nothing, but a socialist vehicle for wealth redistribution, good thing Climategate happened when it did.
    Remember these are just the highlights, there are so many instances of
    misappropriations of under $50,000 it boggles the mind.

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