Quote:
Originally Posted by Slava
I know that politically its far better for opponents to criticize this as a way to increase revenue, but clearly that isn't what Mintz is talking about here. This proposal wasn't brought forward as a "new" tax. Its a different tax in place of the aforementioned income taxes and corporate taxes. You'll note that he says we could lower both corporate and personal taxes here, or we could increase the exemption by an enormous amount.
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Well of course I agree whole-heartedly that we should have followed Mintz' recommendations and gotten rid of income taxes and reduce our corporate taxes to the lowest in North America. However, this would mean we would have to make billions in spending reductions.
However, I also agree with his suggestions that we need to drastically lower public sector salaries and public programs and find more efficiencies in service delivery.
I also agree with the Wildrose party in saying that any attempt to introduce a VAT or PST would be to INCREASE taxes overall and they have no intention of cutting spending to meet Mintz' recommendations.
Do you really believe the PC's would institute a revenue neutral sales tax? Or do you openly support an increase in taxation to further increase spending?