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Small tax cut carries hefty price
Nov. 15, 2006. 01:00 AM
CAROL GOAR
Think back to the last time Finance Minister Jim Flaherty cut the GST.
It was July 1. The national sales tax dropped from 7 per cent to 6 per cent.
Unless you bought a car, a plasma TV or some other big-ticket item within weeks of the announcement, you probably didn't notice much of a change.
In fact, you may have found the adjustment irritating. It knocked a penny or so off the price of coffee, sandwiches and snacks, filling your pockets with unwanted change.
That tax cut cost the national treasury $5.2 billion a year.
For the same amount, Ottawa could have put in place a national network of electronic health records within two years. It could have implemented the Kelowna Accord, giving Canada's aboriginal citizens the tools they need to achieve a decent standard of living. It could have made a serious dent in child poverty. It could have underwritten the kind of research that spawns the industries of the future.
All of those choices seem better than handing shoppers $160 a year in dribs and drabs at the cash register.
Mor
An Internet Fisherman who uses barbless hooks and this one dimensional world as a way of releasing the frustrations of daily life. This is my pond. You are welcome only if you are civil and contribute something to the ambiance. I reserve the right to ignore/publish/reject anon comments.
Thursday, November 16, 2006
A Question For Carol Goar
And all of those who always seem to object to tax cuts; "Have you arranged to give your share of the tax cut to charity or some other worthwhile org.?"
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