Liberals propose legislation to repeal Income Trust Taxation

[Dion]

Originally Posted by FireFly

Well that's never happened ever before... a political party doing something it said it wouldn't? God no!

If you can't see the Liberals are doing this for the purpose of the polls only, that's too bad. Who's to say they won't turn around and change their minds later too? It's something the party is known for doing. .

How quickly they forget about the Liberal's Red Book plan that promised to get rid of the GST. Politicians lie when it suits their purpose.

[Bobblehead]

Originally Posted by Dion

How quickly they forget about the Liberal's Red Book plan that promised to get rid of the GST. Politicians lie when it suits their purpose.

True. But when one of the major themes of an election is accountability, the politicians screaming for accountability should be held...accountable.

To say, "Well, politicians lie" shouldn't be a free pass. I'm as cynical as anyone, but I still don't think it is OK for a politician to lie to get elected.

Personally, I think the action taken on income trusts is one that had to be taken. The writing was on the wall. The fault is in promising to "not monkey around with their income trusts." (link) during the campaign. It was a promise that couldn't be kept. It was a promise that shouldn't have been made.

[Resolute 14]

So which liar do you vote for then? The one who ultimately made the right decision, even though it meant some egg on their face or the one who simply wants to buy votes?

[Bobblehead]

Originally Posted by Snakeeye

So which liar do you vote for then? The one who ultimately made the right decision, even though it meant some egg on their face or the one who simply wants to buy votes?

I honestly don't know. I don't trust or believe in any of the parties.

I think the Liberals are totally off base with this idea to repeal the taxation. It is pandering for votes, and nothing more.

I consider myself a disenfranchised voter looking for a leader and a party to believe in.

Edit: And I would rephrase your question to The one who lied vs the one pandering for votes.

[Dion]

Originally Posted by Bobblehead

True. But when one of the major themes of an election is accountability, the politicians screaming for accountability should be held...accountable.

To say, "Well, politicians lie" shouldn't be a free pass. I'm as cynical as anyone, but I still don't think it is OK for a politician to lie to get elected.

Personally, I think the action taken on income trusts is one that had to be taken. The writing was on the wall. The fault is in promising to "not monkey around with their income trusts." (link) during the campaign. It was a promise that couldn't be kept. It was a promise that shouldn't have been made.

Problem is that voters seem to have poor memories. Voters in Eastern Canada kept voting in the Liberal governemt dispite their endless broken promises over the years.

I also agree with you on income trusts and the promise they made. Always felt it was merely a vote buying scheme. When the Liberals tried to eliminate income trusts you had to know the writing was on the wall and it would only be a matter of time before they were eliminated. What surprised me was the number of voters who believed that promise. Past history should have told them that politicians can't be trusted.

[Thunderball]

I think the problem with how they handled income trusts was how haphazard it was.

If the idea was to prevent Telus, Bell, Pizza Pizza, etc. from becoming income trusts, then why not pass legislation limiting that type of operation to those who tend to rely on that sort of configuration, like energy trusts.

When there are taxes like the GST, its a sort of "catch all" tax. Even if someone doesn't pay tax on their money... odds are good they'll buy something, and when they do, there's the government to take their 6%.

I have failed to see a study that shows they are tangibly losing money, rather than losing it on one side, and gaining it in others.

Lets face it. Harper betrayed a lot of us. He opted to tax income trusts to buy votes in Toronto, Vancouver and Montreal, just as Dion is trying to buy votes in the GTA, Calgary, Edmonton and other income trust tax damaged areas by leaving them alone again.

[calculoso]

Originally Posted by Thunderball

Lets face it. Harper betrayed a lot of us. He opted to tax income trusts to buy votes in Toronto, Vancouver and Montreal, just as Dion is trying to buy votes in the GTA, Calgary, Edmonton and other income trust tax damaged areas by leaving them alone again.

Leaving them alone? Even Dion isn't saying that. He's saying "instead of a 30+% tax rate, let's only tax them 10%. Still a tax increase, but not "as bad"... and seems to be flying under the radar with that.

[Dion]

Originally Posted by Thunderball

I have failed to see a study that shows they are tangibly losing money, rather than losing it on one side, and gaining it in others.

If your refering to tax dollars collected by the government, these corporations were downloading the taxes onto those holding income trusts. The government still gets it's tax money but at a lot lower rate.