31 October 2007

Tax Cuts a-Comin'

Me not being anything remotely approaching "expert" status on economic matters and which is better, a consumption tax cut or an income tax cut, let me still say that I'm looking forward to both. As a regular Joe working a 9-5, saving a few extra pennies on my morning double-double or anything else I want to go out and purchase is something I like. When it comes time to file my taxes in February, I'll be looking forward to getting more money back. It's a win-win, and the Conservatives know that measures such as this resonate with the people on a much deeper level than the chattering classes realize. Seeing Liberals going on and on about the GST cut being a stupid thing doesn't connect with people, especially those who have long enough memories to recall that once upon a time this party ran an election campaign (promise not filled, promise not kept, however) on abolishing the much-hated service tax.
Savings at the till + more money from the tax man = winning political strategy. I'm willing to wager that more folks who don't pay close attention to politics or the stock market will agree with Harper's position--no tax is a good tax--than that of the Liberals--a consumption tax cut is bad economic policy.
I should also mention the gadfly that is Jack Layton embarrassing himself on national television within minutes of Minister Flaherty's announcement. It's as if the man can speak only in platitudes, offering up grand-sounding statements that consist of very little substance. I personally laugh at the statement that the government, with its new tax cuts, is "continuing to lead Canada down the wrong path." When you look at the simple facts, that Canada is stronger today than it was two years ago (and due credit to the Liberals for their time in office on the economic management file), one year ago,and it's projected to get even stronger, saying that the country is on the "wrong path" makes one wonder what his agenda is. A strong dollar, a treasury awash in cash, investment coming into the country, sound resource management, paying down the debt, and general confidence are the hallmarks of Canada's economy right now. If that's wrong, baby, I don't wanna be right.

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