Thursday, October 18, 2007

The First Cut Is The Deepest

So with the Throne Speech out of the way, and as I predicted, Stephane Dion's Liberals are going to let the Speech pass. Today, the Conservatives have introduced an omnibus crime bill with measures and tougher sentences that died on the order paper when the last session was ended.

Now, Finance Minister Jim Flaherty is talking tough on taxes.

Flaherty would not tip his hand Wednesday, but he made clear that he was about through with the targeted tax cuts of the past two budgets -- which included the significant, such as a tax benefit for low income earners, and the esoteric, such as benefits for children in sports programs.

"We've fulfilled most of our tax obligations that were in the platform, so now we can move to more broad-based tax reform," Flaherty said.

There is also talk of the promised further 1% reduction in the GST, putting it at 5%.

But getting back to income taxes, being that the Conservatives have been emulating the John Howard Australian Liberal Party, I challenge Minister Flaherty to take a page out of that party's pledge to significantly cut taxes by $34 billion over several years.
Under the plan announced jointly by Prime Minister John Howard and Treasurer Peter Costello, all taxpayers would get a tax cut — about $20 a week for those currently on average weekly earnings from July, rising to about $35 in 2010.
In annual terms, $20/week amounts to $1040/year and $35/week amounts to $1820.

So, come on Minister Flaherty, for this new session of parliament, make the first cut the deepest. Thing is, any of the wounds felt will be by the opposition Liberals, and now's your chance to pour salt on it.

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