Promises... Shmomises....

globeandmail.com : PM looks to sweeten tax plan

Before any Tory trolls get all self-righteous and suggest that I am against tax-relief... hear me out.

I just wanted to raise the point that was discussed during the election campaign, that the CPC tax plan would cost Canadians more in the long run than the existing Liberal plan.

The Canadian Taxpayers Federation has calculated that the vast majority of individuals or families with children six years or older will pay more in taxes if the GST is dropped by one point and the income tax reductions, announced in the 2005 mini-budget, are withdrawn.

“Virtually every Canadian taxpayer with an income between $10,000 and $85,000 without young children will pay more tax in 2006 if the Harper government rescinds the 2005 income tax measures,” CTF executive director John Williamson said.

“In fact, even two-earner families with a combined income of $100,000 can expect to pay more tax overall. This is true even with a one-point reduction to the GST and the introduction of the various targeted tax credits.”

This article proves it, and goes on to say that even the Harperites have corrected their lying ways... admitting that their plan as promised in the Campaign would leave Canadians with less cash in their pockets than the Liberal plan.

The Tories had pledged to repeal Liberal income-tax breaks to fund a promise to cut the goods and services tax by one percentage point this year, but the government remains concerned it will stand accused of hiking taxes.

“On the income-tax side there is a problem because if the Liberal-initiated income taxes are repealed and only the GST is cut, then what [Prime Minister] Stephen Harper has been saying about Canadians being better off is not true and that circle must be squared before budget day,” a source familiar with deliberations said.

Funny! Isn't that what we Liberal bloggers said to our ReformaTory counterparts?

Harpercrites!

A.L.