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 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
- Total increase in the deficit due to Harper’s measures: $14.2 Billion
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.
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