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Sunday, March 13, 2011

Harper's Fiscal imbalance blamed on HST and Corporate Tax cuts

Stephen Harper's fiscal imbalance blamed on HST and Corporate Tax cuts

While New Democrats have been proposing the reduction of the GST on home heating, the Federal government has been offering Canadians a bleak vision of their economic future.
After bribing the Ontario and B.C. governments with ‘transition funding’ to implement the HST, Jim Flaherty delivered the bad news to Canadians. The cost of this unfair tax will burden the federal treasury and balloon our deficit this year and for years to come.
  • HST bribe money to be paid to B.C.: $5.6 Billion
On December 9th, 2009 Michael Ignatieff and Stephen Harper stood shoulder to shoulder to support this enormous tax increase.
On top of the HST, the Harper government has also been pursuing the tax give away to profitable corporations.
  • Corporate tax loss to treasury: $8.6 Billion
While the finance Minister blames ‘external factors’ on the current state of the economy, he might want to take a look in the mirror.
  • Total increase in the deficit due to Harper’s measures: $14.2 Billion
So ordinary Canadians have to pay an HST initiation fee so two provinces can collect more taxes?
And profitable corporations are getting a break?
Today’s fiscal update makes clear the priorities of this government; tax cuts for profitable corporations and no sign of relief for ordinary Canadians.

Abbotsford NDP Candidate David Murray with Ed Broadbent at Halifax convention
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