The 'tax cuts vs. paying down the debt' debate is a fair one, though I don't think the political will exists within the Canadian people to suffer through the necessary tax hikes/social spending cuts necessary to make substantial dents into the national debt. You put a party promising to eliminate the debt while using realistic figures up against a party promising to cut taxes and/or increase social spending and, sadly, the second party will win every time.
However, GST cuts vs. income tax cuts, is a debate with immediate political ramifications. The notion that income tax cuts favour the poor more than GST cuts do is surprising to me. There is, unfortunetly, thousands, if not millions, of Canadians living on welfare and/or Employment Insurance. Add to those people those who make a figure low enough to avoid any income taxation at all. This group of people would benefit little to nothing from an income tax cut. A GST cut, on the other hand, means that the money they already have will go farther.
My only concern with the GST cut is how it'll work in Atlantic Canada where there isn't a GST, per se... but rather a HST, which is a combination of the old Provincial Sales Tax with the GST. Would Harper cut the HST as well, should he lead the next federal government?
In any event, the Conservatives pledging to eliminte the most recent income tax cuts is shocking given their recent bump in the polls. It's like they're trying to kill their own momentum. While I appreciate their honesty, it is nonetheless the one serious mis-step in their campaign thus far.
However, GST cuts vs. income tax cuts, is a debate with immediate political ramifications. The notion that income tax cuts favour the poor more than GST cuts do is surprising to me. There is, unfortunetly, thousands, if not millions, of Canadians living on welfare and/or Employment Insurance. Add to those people those who make a figure low enough to avoid any income taxation at all. This group of people would benefit little to nothing from an income tax cut. A GST cut, on the other hand, means that the money they already have will go farther.
My only concern with the GST cut is how it'll work in Atlantic Canada where there isn't a GST, per se... but rather a HST, which is a combination of the old Provincial Sales Tax with the GST. Would Harper cut the HST as well, should he lead the next federal government?
In any event, the Conservatives pledging to eliminte the most recent income tax cuts is shocking given their recent bump in the polls. It's like they're trying to kill their own momentum. While I appreciate their honesty, it is nonetheless the one serious mis-step in their campaign thus far.