Posted on 01/01/2011 7:34:01 AM PST by Libloather
Canada Liberals pressure gov’t on corporate tax
National
By REUTERS
Posted 1 day ago
OTTAWA - Canada's opposition parties should unite to fight corporate tax cuts planned by the minority Conservative government, the Liberal Party said on Thursday amid expectations it may seek to trigger an election next year.
The Liberals, the largest opposition party in Parliament, vow to vote against the next budget, expected in early 2011, unless the government reverses the tax cuts. But it can only defeat the plan if joined by the other two opposition parties.
"It's a major expenditure and it significantly impacts the fiscal capacity of the country, so we would view it as essential that the government reverse its position on that issue," said Liberal legislator Scott Brison.
The Liberals support the tax cuts but only at a later date after Ottawa has eliminated its budget deficit, he said.
The left-leaning New Democratic Party has already said it wants the tax cuts canceled. But the NDP and the government do have some "common ground" on other budget-related items, Finance Minister Jim Flaherty told Reuters earlier this month.
Flaherty's "pre-budget overtures" to the NDP worry the Liberals and prompted their call on Thursday for the Liberals and NDP to join forces.
(Excerpt) Read more at wellandtribune.ca ...
Is that anything like the New Black Panther Party?
First, liberals suck everywhere. But second, at least the Canadian Liberal Party calls itself what it really is, something the Democrat party here won’t do.
There are three Canadian leftist parties. The Liberals are left of center, the New Democrats are socialist and the Bloc - a Quebec separatist party is also socialist.
Being a minority, the Conservatives survive by playing off the opposition parties against each other and government within limits.
I know it’s a lost cause, but a class in common sense economics should be a high school graduation requirement.
One of the things taught in that class should be “businesses don’t pay tax; they collect taxes from their customers. Taxes are passed through just like the cost of electricity or rent and are reflected in higher prices for goods and services. Only individuals actually pay taxes.”
No chance of that, of course as once that was understood, Democrats would become an endangered species.
Jack
Or, at the very least, a tutorial on what "competitive advantage" means.
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