Posted on 12/23/2017 6:34:32 PM PST by simpson96
Prime Minister Pierre Trudeau once remarked that Canada's relationship with the United States was like sleeping next to an elephant: "No matter how friendly and even-tempered is the beast, one is affected by every twitch and grunt."
Well, forget twitches and grunts. With the biggest tax cut in decades being signed into law south of the border, the elephant is about to start doing somersaults in the bed and if our own politicians don't take action, the Canadian economy could end up getting squashed.(snip)
Policy wonks south of the border will debate the pros and cons of the bill, which will see taxes go down for the vast majority of Americans. But from a Canadian standpoint, we should be focused on what it means for our country's tax competitiveness.
Previously, Canada could boast about lower business taxes: the Canadian average combined federal-provincial rate of 26.7 per cent, compared favourably to an American average combined federal-state rate of 39.1 per cent. That advantage is now history: with passage of the Tax Cuts and Jobs Act, the new average American rate is just 26 per cent.
Worse still, the Trudeau government is heading in the opposite direction on taxes generally: while it recently resurrected a promise to lower taxes for small business, the general rate is unchanged. It has promised a national carbon tax in 2018, scheduled a payroll tax hike beginning in 2019 to pay for higher Canada Pension Plan contributions, and even introduced an automatic tax escalator on alcohol.
While the government did cut income taxes last year, one study suggested that the average Canadian family was actually paying an additional $840 in taxes.
(Excerpt) Read more at cbc.ca ...
Good. Can we just annex them, send in missionaries, and open gun stores from coast to coast?
Most of the world seems heavily dependent on the idea that America will happily go on losing, transferring our wealth to them forever.
Well, the party’s over.
Take a number.
It’s not gonna be that easy. How many missionaries do you know who speak Canadian?
“Can we just annex them,”
I think Idaho should annex them.
eh?
Canada = America's hat.
It's godless savages coast to coast up there.
An only slightly different analogy for the relationship would be that of a tick feeing on, rather than a man sleeping next to, and elephant.
They’re not even a real country anyway.
The comments after the CBC article indicate that not too many Canadian readers are buying into the drivel.
What is this all aboot?
and the unspeakable things they do to their dogs...
lol..ive always said that...they are just “kinda just there”....doesnt do much...ya just kinda forget they are there.
Lets see, oh they could lower their tax rate.....e/s
Well, there’s two and then a bunch who grew up in the Buffalo area.
Right?
With their flappy heads and beady eyes. Stupid Elsinores and back bacon. And what's up with lumberjacks, eh?
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