The Honourable John McCallum, P.C., M.P., the Member for Markham—Unionville and Finance Critic for Her Majesty's Loyal Opposition, and the Honourable Jack Austin, P.C., the Senator for Vancouver South, have launched their Don't Raise My Income Taxes Campaign, in the hopes of causing the current Government of Canada to reconsider their endeavour to increase income taxes.
While decreasing the government sales tax from seven to six per cent immediately, the current Government has stated that they wish to increase income taxes, reversing a decrease made by the previous Government of Canada. The Honourable Bill Graham, P.C., M.P., the Member for Toronto Centre and Leader of Her Majesty's Loyal Opposition, criticizes the Government's wish to reduce the G.S.T. as "a tax cut for the sake of a tax cut", going further to say that the proposed cut would not be noticeable.
1. Click here for the Web site of the Liberal Party of Canada.
While decreasing the government sales tax from seven to six per cent immediately, the current Government has stated that they wish to increase income taxes, reversing a decrease made by the previous Government of Canada. The Honourable Bill Graham, P.C., M.P., the Member for Toronto Centre and Leader of Her Majesty's Loyal Opposition, criticizes the Government's wish to reduce the G.S.T. as "a tax cut for the sake of a tax cut", going further to say that the proposed cut would not be noticeable.
:?: SourcesThe Web site for the [color=red said:Liberal Party of Canada[/color]]We remain steadfast in our belief that Canadians need competitive tax relief. That is why we are daily pressuring the Conservatives to not raise taxes on Canadians by killing our tax cuts," he [Graham] said.
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It [the proposed G.S.T. cut] does nothing to encourage Canadians and businesses to invest in skills, training and productivity enhancing equipment. It does nothing to induce savings to make the economy more productive. All of which any economist will tell you should be the central objective of any tax cut. And it’s so small from the standpoint of consumers, Canadians will barely notice it," he said.
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1. Click here for the Web site of the Liberal Party of Canada.