Harper's Tax 'Cuts'
In my humble opinion, no matter which way I look at Harper's tax 'cuts', poorer Canadians would be hurt by it. His removal of the capital gains tax on listed stock donations to charity would help those who can actually afford to make sizeable donations in the first place. To the great number of Canadians who are struggling just to make ends meet, this tax 'cut' is absolutely useless. However, the Liberal plan to increase the basic personal exemption by $500. and trim the tax rate at the bottom income bracket to 15% from 16% would at least be a little help. Hence, I agree with Martin when he said the Tory plan would hurt poorer Canadians.Math has never been my strong point, so perhaps I'm missing something when:
"Members of Harper's team said they had costed their plan, estimating Tory tax cuts would total $32 billion while Liberal cuts would total $29 billion."
And I don't understand how they came up with these numbers, later on the same day:
"Later Saturday, on the campaign plane, Stephen Harper told reporters that the Conservative tax cuts would actually total about $49 billion... This plan will save Canadians money. It will be far less tax than you're paying under the Liberals."
Read full CBC article here
posted by Annamarie at
3:36 AM
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