The Shotgun Blog
Thursday, September 27, 2007
Tax cuts are coming
The PM just announced that due to "one of the largest reductions in the federal debt in Canadian history and the resulting effective interest savings" there will be a reduction in personal income taxes as required by law under the government's Tax Back Guarantee. No word just yet on how much the tax cuts will be.
Posted by Cyril Doll on September 27, 2007 | Permalink
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» Harper: Personal income tax cuts coming from WERNER PATELS.COM
Canada's Conservative government has made debt reduction a top priority and will pass on any debt-service savings in the form of tax cuts, Prime Minister Stephen Harper said on Thursday. We make no secret of the fact that one of [Read More]
Tracked on 2007-09-27 12:53:11 PM
It's about time!!!!!!!!!!!!!!!
Posted by: Werner Patels | 2007-09-27 12:48:58 PM
There is, indeed, word on how much the tax cuts will be. [http://www.pm.gc.ca/eng/media.asp?category=1&id=1823] It's right there on the PM's Web site: $725-million.
Of course -- and I'm sure Western Standard readers will hate to hear this --- had the Liberals prevailed in January, 2006, the law of the land concerning surpluses would have meant that Canadians could have looked forward to nearly $4-billion in income tax cuts. [http://www.fin.gc.ca/news05/05-067e.html]
Posted by: David Akin | 2007-09-27 1:53:32 PM
They could have looked forward to Lieberal tax cuts like they looked forward to the total elimination of the GST when Chretien was first elected - but reneged on his election promise.
Lieberals lie to get elected - then change their minds to our detriment. Look at McSquinty in Ontario for another such example.
Posted by: obc | 2007-09-27 2:00:55 PM
"had the Liberals prevailed in January, 2006, the law of the land concerning surpluses would have meant that Canadians could have looked forward to nearly $4-billion in income tax cuts."
Ya sure, like they were going to eliminate the GST.
They are proven theives and liers.
I suggest you remove your head from your ass and get off the kool-aid.
Posted by: deepblue | 2007-09-27 2:03:37 PM
Ah, I see the eternal Liberal apologist, Akin, is at it again. So much for unbiased journalism.
Posted by: Werner Patels | 2007-09-27 2:16:54 PM
David seems a nice enough person but is one of the press crowd firmly stuck with the Liberals. His grieving for his party's current state must be keeping him from rational thought.
It's disgusting how our media, like all Liberals can't even respect the peoples choice for governance. It's like we aren't capable of making the right choice.
Nothing is more important than unbiased reporting of all political happenings in a democracy. We'll leave what's happening with our MSM at this point to the Banana Republics. We'll decide without the help of the David Akins in our midst what's best for this land. We still have that right.
Posted by: Liz J | 2007-09-27 2:52:05 PM
We'll decide without the help of the David Akins in our midst what's best for this land. We still have that right.
Not if he has anything to say -- after all, he censors Conservative and conservative commenters on his blog (including on the CTV blog). Like all Liberals, arrogant beyond belief.
Posted by: Werner Patels | 2007-09-27 3:19:49 PM
$725 million divided by 30 million people, hmmm, that amounts to a tax cut of less than $25 per person.
Posted by: Johan i Kanada | 2007-09-28 2:21:01 AM
On the CBC National last night, it may have been enough for the reporter to report the facts, but no ...
The plan was no secret and it's very familiar to Albertans.
Use the surplus to pay down debt. With the interest saved, lower the taxation.
The saving this year, according to the CBC, is $36.
And it was said in such a smarmy way that I had the urge to pop him (Keith Boag?) in the kisser.
Hey, doughead. Would your rather pay $36 MORE a year?
Posted by: set you free | 2007-09-28 7:17:19 AM
No, what is pathetic is listening to the dippers and the libs shrieking to whoever will listen, and to have the MSN reporting non stop on their ramblings that any sort of tax cut is simply unacceptable and instead they should be concentrating on more massive social spending.
It took a decade and a half for the libs to set up their massive bureaucracy, to assemble their massive social programs, slush funds, and special interest groups that are sucking the Canadian taxpayer dry.
It will take a Harper conservative government a decade to right this badly listing ship.
Personally I am for the elimination of income tax completely and adopting a fair tax system being proposed south of the border.
But it is far to simple, to progressive, and to common sense to be applied.
Posted by: deepblue | 2007-09-28 7:54:08 AM
Jim Flaherty said that every government program is under review and the review would take four years.
36 bucks is pretty paltry, to be sure, but that's just the portion Canadians will save on interest payments this year.
Flaherty claimed there have been $40 billion in tax cuts ... I'm not sure about that, it seems a bit high.
Posted by: set you free | 2007-09-28 8:48:57 AM
We are still paying almost half of our incomes in taxes, and we still have a massive federal bureaucracy. It would take years of gov't downsizing and tax cuts to reach anywhere near a reasonable level of taxation in this country.
Having said that, in our current situation, I support tax cuts of almost any kind, for any reason, at any time (roughly quoted from Milton Friedman).
Posted by: Joel K. | 2007-09-28 1:51:42 PM
All Federal & Provincial bureaucracies should be trimmed through attrition, beginning NOW! If someone quits, retires or dies, that position should not be filled. After 5 years, review the results. We will save much money - plus a forest or two in the process.
Posted by: obc | 2007-09-28 2:03:21 PM
I think they should send a cheque, to every single man, woman and child Citizen in Canada, a cheque for $125--and be done with it! And nothing for ex-pats--unless they are on active duty.
Posted by: Lady | 2007-09-28 3:28:25 PM
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